34 articles tagged with #rlusd. AI-curated summaries with sentiment analysis and key takeaways from 50+ sources.
RLUSD stablecoin maintains its $1 peg while reaching $1.56 billion in circulating supply. The token is gaining traction with increasing daily volume and climbing market rankings, indicating growing institutional and retail adoption.
Ripple has burned 30 million RLUSD tokens on the Ethereum blockchain as a supply management strategy. This deflationary action aims to stabilize the stablecoin's value and encourage broader adoption across the ecosystem.
Ripple has reduced the supply of its RLUSD stablecoin on the Ethereum network by nearly one million tokens, with the supply now decreased by 999,965 tokens. This represents a significant supply adjustment for Ripple's stablecoin offering on Ethereum.
Ripple's Reece Merrick emphasizes that institutions can access XRP, XRP Ledger, and RLUSD services through Ripple as a single vendor. This unified approach aims to simplify institutional adoption by eliminating the need to work with multiple crypto service providers.
Ripple has resumed minting its RLUSD stablecoin after completing a significant token burn cycle over the previous weekend. This restart of the 'money printer' indicates continued development and management of Ripple's dollar-backed stablecoin operations.
An XRP Ledger developer is calling on Ripple Labs to provide support for DeFi startups within the ecosystem, specifically highlighting the largest RLUSD liquidity pool incentive program. This suggests a push to strengthen the DeFi infrastructure and attract more developers to build on XRPL.
Ripple has minted 20 million RLUSD tokens on the Ethereum blockchain to increase stablecoin liquidity. This move represents Ripple's continued expansion of their USD-pegged stablecoin infrastructure across multiple blockchain networks.
Crypto pundit Xaif highlighted a 2014 quote from Ethereum founder Vitalik Buterin acknowledging that XRP was ahead of Ethereum in a particular aspect. This discussion emerges as Ripple continues positioning XRP, RLUSD, and the XRP Ledger to dominate the payments industry.
Bitget exchange will temporarily suspend RLUSD withdrawals on the XRP Ledger to perform wallet maintenance. This is a routine operational measure to ensure system stability and security.
