Ripple Sets Stage for RLUSD Launch with Major XRP Transfers
Ripple recently stirred the crypto market with a substantial transfer of 294,000 RLUSD stablecoins. Ripple moved a significant 78,500 RLUSD from its Treasury to an unknown wallet, sparking speculation that it is finalizing preparations for RLUSD’s upcoming launch. Blockchain data reveals Ripple shifting tokens across various wallets, likely testing functionality and priming liquidity before the […]
Ripple Shifts Focus to RLUSD Stablecoin, Eyeing DeFi Growth
Ripple CEO announced that Ripple will prioritize RLUSD, over stablecoins like USDC and Tether for its On-Demand Liquidity (ODL) product. In a conversation with Thinking Crypto, Garlinghouse shared insights on this strategic decision, the growing potential of RLUSD in decentralized finance (DeFi), and Ripple’s future plans for an initial public offering (IPO). Strategic Shift Aims […]
Ripple Burns 2 Million RLUSD Stablecoins in Major Token Burn
Ripple excited the XRP community with a significant burn of RLUSD stablecoins on Wednesday, locking away 2 million tokens in an unspendable blockchain wallet. This marks the first major token burn since Ripple minted 42 million RLUSD stablecoins in recent weeks. The burn is part of the ongoing private beta for RLUSD, which Ripple launched […]
XRP vs. RLUSD: Can Stablecoins Really Replace XRP’s Utility?
Ripple’s Chief Technology Officer, David Schwartz, addressed community concerns about the upcoming stablecoin, Ripple USD (RLUSD). As RLUSD nears its launch, it is currently in beta testing and has already seen millions of tokens minted on both the XRP Ledger (XRPL) and Ethereum. Community Concerns About RLUSD Many members of the XRP community worry that […]
Ripple Tightens Control with RLUSD Burns After 42 Million Minted
Ripple, a leading player in the crypto market, has recently minted nearly 50 million Ripple USD (RLUSD) stablecoins over the past week. Following this significant minting, the Ripple Stablecoin Tracker on the X platform reported that Ripple has burned several batches of RLUSD stablecoins. This activity coincided with Ripple’s warning about scammers targeting crypto users, […]
Ripple’s RLUSD Stablecoin Set to Enhance XRP Use Cases in DeFi
A former Ripple employee has shed light on how Ripple’s upcoming RLUSD stablecoin will support and enhance XRP rather than hinder it. These insights were shared during a conversation with Tony Edward, host of the Thinking Crypto podcast. Notably, the ex-employee was part of the team that developed Ripple’s On-Demand Liquidity (ODL) product, now known […]
Ripple’s RLUSD Stablecoin Nears Launch with Increased Minting Activity
Ripple’s RLUSD stablecoin is advancing through rigorous testing as the company aims to expand its presence in the stablecoin market. Initially introduced in April, RLUSD entered beta testing in August but remains accessible only to Ripple’s enterprise partners. The recent surge in minting activity suggests the official launch may be approaching. Since September 28, Ripple […]
Ripple Issues Largest RLUSD Mint on XRPL as Testing Progresses
Ripple has made a key move in beta testing its Ripple USD (RLUSD) stablecoin, minting its largest batch on September 24. Testing spans both Ethereum and the XRP Ledger (XRPL). At 12:28 AM UTC, Ripple issued 485 RLUSD tokens, raising the total supply to 563, marking the largest release so far. Community Reactions and Liquidity […]
Ripple Gears Up for RLUSD Stablecoin Launch With Token Burns
The crypto community, particularly XRP supporters, is eagerly awaiting the launch of Ripple’s stablecoin, RLUSD. Ripple’s CEO, Brad Garlinghouse, recently revealed that the launch of RLUSD, pegged to the US dollar, could take place within a few weeks. This anticipation has grown significantly as Ripple prepares to introduce its stablecoin as a key player in […]
Ripple’s Stablecoin RLUSD Targets All Investors, Including Retail
A validator for the XRP Ledger, known as Vet, has dismissed claims that Ripple’s stablecoin, RLUSD, is exclusive to institutional investors. In a post on X (formerly Twitter), Vet clarified that RLUSD is designed for both institutions and retail investors. He emphasized that for Ripple to build a robust ecosystem, broad adoption is essential, requiring […]