According to Coindaro's November 2 investigation, approximately $284 million in RLUSD was returned to its issuer on the XRP Ledger on October 30, causing supply to contract from around 1.013 billion to 707 million tokens. The analysis traced 306.4 million RLUSD returned through 12 large transactions, partially offset by 22 million newly issued tokens. One transaction group returned 106.5 million RLUSD around 16:08 UTC, followed by another 42.9 million shortly afterward.

Despite the supply contraction, one tracked XRP/RLUSD trading pool maintained relatively stable reserves, with XRP holdings falling only 0.67% and RLUSD increasing 0.36% between October 29 and 31. The blockchain transactions do not establish why tokens were returned; stablecoins sent back to issuers can reflect customer redemptions, treasury adjustments, or inventory management.

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