Ripple’s $RLUSD Supply Hits All-Time High on Aave Amid Strategic Blockchain Shuffle
The post Ripple’s $RLUSD Supply Hits All-Time High on Aave Amid Strategic Blockchain Shuffle appeared on BitcoinEthereumNews.com.
Ripple’s stablecoin, $RLUSD, is creating a ripple effect in the realm of decentralized finance (DeFi) as its presence on the Aave lending protocol recently hit a new all-time high. According to the latest on-chain data, the amount of $RLUSD supplied on Aave has climbed to an impressive 77,350,849.54 RLUSD. This surge in the supply of $RLUSD on Aave reflects not just the rising adoption of the stablecoin, but also a kind of behind-the-scenes, strategic pivot toward Ethereum-based DeFi protocols. ATH📈The amount of $RLUSD supplied on @aave reached a new all-time high of 77,350,849.54 RLUSD pic.twitter.com/bpOT4bBh43 — IntoTheBlock (@intotheblock) April 25, 2025 The figures by themselves indicate that Ripple’s stablecoin has gathering momentum. But when you take a closer look at what has recently been happening with the stablecoin, things get even more interesting and suspicious. In recent months, about $39 million worth of $RLUSD has been burned on the XRP Ledger and minted on Ethereum, kicking off some serious speculation across the crypto community. Inventory Transfers: A Common Practice Among Stablecoin Issuers Before dissecting the importance of this maneuver, it is worth understanding a key concept in the stablecoin ecosystem—inventory transfers. Stablecoin issuers such as Circle and Tether frequently perform what are known as inventory transfers. These operations involve moving reserves of stablecoins owned by the issuers from one blockchain to another, often to balance liquidity and meet demand across a multi-chain environment. Inventory transfers let stablecoin issuers work with the fundamentals of supply and demand. If demand for a stablecoin spikes or a shortfall develops on one particular blockchain, stablecoin providers can execute an inventory transfer: burning, or effectively destroying, the tokens on one blockchain and minting new ones on another in a 1:1 ratio. This recent inventory transfer by Ripple of $RLUSD looks like a classic example of…
