Ripple
September 28, 2024
Ripple Unicorn News - September 27, 2024
Ripple is nearing the launch of its new stablecoin, RLUSD, with increased minting activities on the XRP Ledger and Ethereum. The recent batch of 5,515 RLUSD tokens indicates an intensive testing phase, signaling a significant expansion in Ripple's stablecoin offerings.
() Introduction
() Ripple Stablecoin Launch Imminent as XRPL and Ethereum Activity Increases
Ripple has recently intensified its activities surrounding its stablecoin, RLUSD, on both the XRP Ledger and Ethereum platforms. On September 25, 2024, Ripple minted a substantial batch of 5,515 RLUSD tokens on Ethereum, increasing the total supply to 6,028 tokens. This significant minting activity suggests that Ripple is nearing the final stages before the official launch of RLUSD. Observations from a key XRPL validator indicate deviations in the timing and volume of these mints, pointing to a more rigorous and intensive testing phase. These developments indicate that Ripple is making substantial progress in ensuring a stable and reliable rollout of RLUSD, marking a significant step in the company's expansion into the stablecoin market.
