- VivoPower’s EV subsidiary accepts RLUSD payments; Bill Morgan notes no XRP acceptance and Ethereum hosts most RLUSD circulation.
- Ripple expands Europe presence; BBVA adopts custody technology supporting trading and storage of Bitcoin, Ethereum, and tokenized assets.
Ripple has executed another series of token burns for its RLUSD stablecoin. The company removed 2.71 million tokens from circulation on September 9. This represents the largest single burn event recorded in recent weeks.
This action continues a pattern of supply adjustments throughout September. The company previously conducted two separate burns of one million tokens each on September 3. An additional one million tokens were removed from circulation on August 29. These activities form part of Ripple’s standard supply management protocol.
🔥🔥🔥🔥🔥🔥 2,714,248 #RLUSD burned at RLUSD Treasury.https://t.co/IwILP59jH0
— Ripple Stablecoin Tracker (@RL_Tracker) September 9, 2025
The company issues new tokens when market demand requires additional supply. Excess tokens are systematically removed when corresponding dollars return to reserve holdings. This process ensures RLUSD maintains its full dollar backing and price stability.
Trading activity for RLUSD has shown substantial increases recently. The stablecoin continues trading near its one-dollar peg across major exchanges. Its market capitalization now exceeds $728 million. Daily trading volume reached $88.51 million, marking an 88 percent increase within 24 hours.
Adoption continues expanding into traditional business sectors. VivoPower International announced its electric vehicle subsidiary now accepts RLUSD for payments. The company specifically noted advantages for customers in developing markets where traditional payment systems often involve high fees and slow processing times.
Attorney Bill Morgan observed that the company accepts RLUSD but not XRP for payments. He also noted that most RLUSD circulation occurs on the Ethereum blockchain rather than the XRP Ledger despite its multi-chain availability.
VivoPower’s subsidiary is accepting RLUSD payments. No mention of it accepting also XRP payments.
RLUSD is mainly minted on Ethereum. https://t.co/vTIv1qc7Rw
— bill morgan (@Belisarius2020) September 8, 2025
Ripple has also expanded its European presence through new institutional partnerships. The company now provides cryptocurrency custody technology to BBVA, Spain’s second-largest bank. This collaboration supports BBVA’s new retail crypto asset service that enables trading and storage of Bitcoin, Ethereum, and other tokenized assets.
XRP (Ripple) is trading at $3.01, registering a 0.96% increase in the last 24 hours and an 8.75% rise over the past week.
With a market capitalization of roughly $179.7 billion, XRP ranks as the third-largest cryptocurrency, supported by a circulating supply of approximately 60 billion tokens. The daily trading volume reached over $6.2 billion, indicating elevated market activity.
Price action for XRP confirms a breakout above a descending trendline, suggesting a shift from recent bearish movement to a more neutral or upward structure. ETHNews analysts point to the emergence of a bull flag formation, which may validate the continuation of this upward momentum.
Key resistance in the short term lies near $3.08, with support holding around $2.92. If volume sustains current levels and the trendline remains valid, XRP may attempt a move toward the $3.20–$3.30 zone.
Meanwhile, Coinbase’s XRP holdings have dropped, pushing the exchange out of the top ten platforms in terms of XRP reserves. This coincides with increased global demand and recent claims of price manipulation, though no regulatory body has issued formal allegations.
If current technical momentum holds, XRP may maintain its course toward $3.15–$3.30 in the coming sessions. A loss of support could bring price back toward the $2.85 range for revalidation.
