Ripple Advances Stablecoin Strategy with 185 RLUSD Burn
This strategic move is part of Ripple’s effort to control the stablecoin’s supply in line with regulatory requirements. By removing 185 Ripple USD (RLUSD) tokens from circulation, Ripple has increased the amount of progress it has made with its stablecoin effort. This effectively removed the tokens from circulation and returned them to the issuer’s account […]
Ripple Launches RLUSD Minting on Ethereum, XRP Ledger
RLUSD has the potential to impact the XRP price, drawing parallels with past stablecoin launches on other networks like TRON. Ripple has announced the start of its USD-pegged RLUSD stablecoin minting on both the Ethereum mainnet and the XRP ledger. So far, the blockchain firm has produced 385 RLUSD on the aforementioned networks. Ripple Mints […]
Ripple Stablecoin RLUSD Begins Testing on Mainnet
On August 9, Ripple Labs reported the initial tests of its US dollar-pegged stablecoin, Ripple Labs’ Ripple USD (RLUSD), on the Ethereum mainnet and the XRP ledger (XRPL). The upcoming stablecoin, RLUSD, will be overcollateralized, meaning that each unit is supported by USD reserves or short-term cash equivalents in a bank at a 1:1 ratio […]
Ripple and Archax Introduce Tokenized RWA Worth Millions to XRP Ledger
Ripple has partnered with crypto exchange Archax to help XRP Ledger become a pioneer in real-world assets (RWA) tokenization. Ripple, global crypto payments and financial solutions provider, has announced a partnership with Archax, the UK’s first Financial Conduct Authority-regulated crypto exchange, broker, and custodian, at the XRP Ledger Apex 2024 summit on Thursday. In the coming […]
XRP Lawyer Reacts To South Korea’s XRPL Validator Addition
South Korean digital asset service firm Infinite Block joined the XRP Ledger as a validator after Japanese SBI Holdings explored a similar move. Pro-XRP lawyer Bill Morgan responded to the recent revelation that Infinite Block, a Korean virtual asset service provider, would join the XRP Ledger as a validator. Furthermore, he underscored the importance of this […]