In the last 24 hours, there has been significant activity surrounding Ripple’s stablecoin, RLUSD. A total of 3,000,000 RLUSD were transferred from one unknown wallet to another, according to the Ripple stablecoin tracker. This transfer follows a recent minting at the RLUSD Treasury, where an additional 404,712 RLUSD were minted, increasing the circulating supply of the stablecoin.
These operations are part of Ripple’s ongoing efforts to enhance the liquidity and utility of the RLUSD stablecoin. The recent minting and transfer activities may be seen as preparations for wider adoption across exchanges and platforms. Since its launch, RLUSD has been gaining traction and has been listed on various platforms globally, including Uphold, MoonPay, CoinMENA, Archax, Bitso, and now Bullish.
Bullish recently announced that Ripple’s regulated stablecoin, RLUSD, is now available on their platform. Eligible regions can now trade markets such as RLUSD/USDC, BTC/RLUSD, XRP/RLUSD, ETH/RLUSD, USD/RLUSD, EUR/RLUSD, and SOL/RLUSD. Additionally, RLUSD has made its entry into the Singapore market through Independent Reserve, becoming the first regulated exchange to offer RLUSD in Singapore.
RLUSD is a stablecoin that is valued one-to-one with the U.S. dollar and is issued on both the XRP Ledger and Ethereum networks. It is versatile and can be used in various applications and use cases, from cross-border payments to decentralized banking. With the increasing activity and listings of RLUSD on different platforms, it is evident that Ripple’s stablecoin is gaining momentum and attracting interest from users and investors.
The latest transfer and minting activities surrounding RLUSD indicate growing interest and potential for wider adoption in the near future. As more exchanges and platforms list RLUSD, it provides users with more options for trading and utilizing the stablecoin in various transactions. The stability and value parity with the U.S. dollar make RLUSD a reliable option for those looking for a stable digital asset to use in their financial activities.
Overall, Ripple’s stablecoin, RLUSD, has shown significant activity in the past 24 hours, with transfers and minting adding to the circulating supply. With listings on various platforms and its entry into new markets, RLUSD is positioned for further growth and adoption in the cryptocurrency space. As Ripple continues its efforts to enhance the liquidity and utility of RLUSD, we can expect to see more developments and opportunities for users to engage with this stablecoin in the future.
