A significant amount of Ripple USD stablecoins (RLUSD) were minted and transferred over the past 48 hours, with 500,000 RLUSD moved from Ripple Treasury to cryptocurrency exchange Uphold. Monica Long, Ripple's president, highlighted the growing demand for stablecoins with regulatory compliance, diversification, and utility, emphasizing RLUSD's position in the market.
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We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.The data source mentioned spread the word about a large amount of Ripple USD stablecoins minted by the San Francisco-based crypto decacorn. More than 10,300,000 RLUSD were transferred over the past 48 hours. A total of 500,000 RLUSD from the aforesaid amount was transferred from the Ripple Treasury to cryptocurrency exchange Uphold based in Lithuania. Monica Long, speaking on the recently launched RLUSD stablecoin, reminded the crypto community that the stablecoin market is currently valued at $160 billion, approximately, and it is predicted to show growth to as high as roughly $3 trillion within the next four years. In this market, Long said, there is a constantly growing demand for stablecoins that prioritize “regulatory compliance, increased diversification and drive utility.” All of those, the Ripple president stressed, are offered by the Ripple stablecoin. For Ripple, Monica Long said, the launch of RLUSD is another big step for continuing to “bridge the gap between traditional finance and blockchain.
RIPPLE RLUSD STABLECOINS CRYPTO MARKET REGULATORY COMPLIANCE
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