Ripple's stablecoin, RLUSD, has seen significant activity in the last 24 hours. According to the Ripple stablecoin tracker, an X account tracking the minting, redemption and transfer of Ripple's RLUSD, a total of 3,000,000 RLUSD were transferred from one unknown wallet to another.
🚨🚨🚨🚨🚨🚨 3,000,000 #RLUSD transferred from unknown wallet to unknown wallet.https://t.co/XdI0BU1IB2
— Ripple Stablecoin Tracker (@RL_Tracker) December 24, 2024The transfer follows a recent minting at the RLUSD Treasury. In the last 24 hours, Ripple minted 3,000,000 RLUSD, adding to the circulating supply of the RLUSD stablecoin. Additionally, another 404,712 RLUSD were minted at the RLUSD Treasury, further increasing the total supply.
HOT Stories Michael Saylor Reacts to Bitcoin Xmas Rally: 'There Is No Second-Best Christmas Gift' Dogecoin Whales on Move: 270 Million DOGE Shifted Within 96 Hours BlackRock's Ethereum ETF Greatly Outperforming Bitcoin ETF XRP's Flag Pattern: What to Expect? Dogecoin (DOGE) Reaches Equilibrium, Bitcoin (BTC) Critical Support Level Reached
This operation is part of Ripple's ongoing efforts to bolster the liquidity and utility of the Ripple stablecoin. The recent minting and transfer activities might also signal possible preparations for wider adoption across exchanges and platforms.
Ripple stablecoin gains traction
Since its launch, RLUSD has gained traction, launching on various platforms. Ripple USD (RLUSD) went live globally on Dec. 17, initially on platforms such as Uphold, MoonPay, CoinMENA, Archax and Bitso, with more listings expected in the coming days.
Related
Tue, 12/24/2024 - 13:22 Ripple Stablecoin (RLUSD) Scores Major Milestone in Singapore
Tomiwabold Olajide
In its latest listing, Bullish announced yesterday that Ripple’s regulated stablecoin, RLUSD, was now available on the platform. This move allows eligible regions to trade markets, including RLUSD/USDC, BTC/RLUSD, XRP/RLUSD, ETH/RLUSD, USD/RLUSD, EUR/RLUSD and SOL/RLUSD.
As reported, Ripple stablecoin RLUSD recently achieved a significant milestone, marking its entry into the Singapore market. Independent Reserve, a long-standing Ripple partner, has become the first regulated exchange to offer RLUSD in Singapore.
RLUSD, a stablecoin valued one-to-one with the U.S. dollar, is issued natively on both the XRP Ledger and Ethereum networks and may be used in several applications and use cases, from cross-border payments to decentralized banking.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
