Astounding amount of RLUSD transferred over weekend as stablecoin continues to gain traction
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It has already been listed by such major exchanges as Bitstamp and Bullish and, according to Ripple president Monica Long, the team is actively negotiating with such platforms as Coinbase and similar ones. She stated that the emergence of RLUSD on all platforms is imminent and promised that it will play a major role in B2B cross-border payments and remittances in the Ripple Payments system, along with the XRP token.that Cardano and the Ripple teams “are actively talking.
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Ripple Minted Over 10 Million RLUSD StablecoinsA 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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21 Million Ripple USD Stablecoins Transferred in 24 HoursOver 20 million Ripple USD stablecoins (RLUSD) have been transferred between anonymous wallets on various blockchains in the past 24 hours. The largest transfers involved amounts of 3.5 million RLUSD. This activity follows the official launch of RLUSD on both XRPL and Ethereum chains in December.
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Ripple Creates Another Large Batch of RLUSD Stablecoins Ahead of Major DevelopmentData from the Ripple Stablecoin Tracker reveals that Ripple has minted another significant amount of its RLUSD stablecoin on the Ethereum chain. This latest minting follows a previous batch of 600,000 RLUSD created on January 3rd. Almost 7 million RLUSD have been transferred in the past 24 hours, with major exchanges like Bitstamp and Ripple themselves moving portions of the stablecoins. The remaining transfers were made by anonymous whales to unknown wallets.
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