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RLUSD supply fell 29% on XRPL. One XRP trading pool barely changed

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RLUSD supply fell 29% on XRPL. One XRP trading pool barely changed

Ledger readings showed similar XRP/RLUSD pool reserves and uneven funded offers, while the reported supply decline's cause remains unresolved.

XRPL's reported RLUSD supply fell almost 29% in a day, but a sampled XRP/RLUSD trading pool did not lose a comparable share of its reserves. Across ledger observations from Oct. 29 to Oct. 31, the pool's XRP balance slipped less than 1%, while its RLUSD balance increased slightly.

The contrast matters for XRP holders deciding whether they can trade into Ripple's dollar stablecoin. DefiLlama's Oct. 31 RLUSD chain breakdown showed 707 million tokens on XRPL, down 28.7% over its displayed one-day window. Yet funded RLUSD offers available to XRP sellers increased in the captured order-book sample. The opposite side of that book remained below its earlier level. XRP was trading near $1.25 in the Oct. 31 market snapshot.

The two pool readings showed broadly similar inventory, while the funded book changed differently on each side. A later estimate could still fill a 10,000-RLUSD order in either direction.

NOSHASHI's ledger readings compared the same XRP/RLUSD pool at Oct. 29, 23:59:51 UTC, and Oct. 31, 13:11:11 UTC. The comparison uses quantities of each token, rather than a dollar valuation that can also move with XRP's price.

Source: NOSHASHI's Oct. 29 closing-ledger reading and captured Oct. 31 market reading. All times are UTC in 2026.

Those balances did not mirror the scale of the reported supply reduction. The pool still contained about 1.87 million XRP and 2.34 million RLUSD in the later observation.



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