RLUSD: Ripple Burns 185 Tokens as Stablecoin Awaits Public Release
In the latest development, data from xrpscan reveals that 185 Ripple USD (RLUSD) tokens have been burned at the RLUSD treasury.
A recent development has seen 185 Ripple USD (RLUSD) tokens burned at the RLUSD treasury, according to data from xrpscan. The tokens were destroyed by sending them back to the issuer account, leaving no tokens in circulation on either the XRP Ledger or Ethereum.
Earlier this month, Ripple began testing its stablecoin in a private beta. The company announced that the mainnet version of Ripple USD is available on Ethereum, with plans to integrate it with other blockchains and decentralized finance (DeFi) protocols in the future.
According to xrpscan, the minting process began about a week ago with the 185 tokens mentioned above. Currently, the stablecoin is accessible to some of Ripple's enterprise partners, but it is not yet available for trading on exchanges.
After the beta testing phase, the stablecoin will be made available to the public. To ensure a smooth launch, Ripple is focusing on eliminating any potential issues before opening up RLUSD for broader use.
In April, Ripple's stablecoin announcement generated significant excitement. Despite the presence of major players like Tether and Circle in the stablecoin market, Ripple anticipates substantial growth, with some market projections indicating a potential surge to $2.8 trillion by 2028.
Meanwhile, XRP continues to make gains in the crypto market, which is experiencing an unpredictable landscape. Several factors could contribute to a possible XRP price surge, including positive crypto narratives from Donald Trump and the conclusion of the SEC vs. Ripple lawsuit, which may rekindle interest in the altcoin.
While most high-cap cryptocurrencies have experienced growth over the past year, XRP has seen minimal gains. In fact, over the last 12 months, XRP has risen by only 10%, slipping to the sixth position on the global crypto chart by market cap. Considering this lackluster performance, a price correction for XRP seems overdue.
In contrast, top meme coins have outperformed XRP with remarkable gains. Over the last year, Pepe has surged by 600%, and Bonk has seen an incredible 7000% increase. Newcomers like Dogwifhat have also had a strong year, with WIF climbing by 1200%.
However, it remains to be seen whether established meme coins like Dogecoin, Shiba Inu, and Pepe can continue to outperforming XRP in the upcoming bull cycle.
The above is the detailed content of RLUSD: Ripple Burns 185 Tokens as Stablecoin Awaits Public Release. For more information, please follow other related articles on the PHP Chinese website!

Bitcoin is now trading above the $94,000 level, showing strong momentum after a sharp recovery from recent lows.

Bitcoin is now trading above the $94,000 level, showing strong momentum after a sharp recovery from recent lows.

The cryptocurrency market offers numerous investment opportunities, with Dogecoin (DOGE) and Shiba Inu (SHIB) being popular options among meme coins.

Bitcoin's trajectory has captured the imagination of investors, with ARK Invest's latest research update painting a transformative picture for the cryptocurrency's future.

Jed McCaleb's 2014 departure from Ripple sparked rumors, but was likely part of a strategy.

What if the next meme coin to make serious waves isn't trending yet, but hiding in the shadows of Telegram chats and crypto Twitter threads?

A clear underdog coming into the series thanks to injuries to Miro Heiskanen and Jason Robertson

The virtual currency market continues to display impressive recovery, with alternative cryptocurrencies gaining ground, driven by Bitcoin's recent resurgence.

Hot AI Tools

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

Video Face Swap
Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Article

Hot Tools

DVWA
Damn Vulnerable Web App (DVWA) is a PHP/MySQL web application that is very vulnerable. Its main goals are to be an aid for security professionals to test their skills and tools in a legal environment, to help web developers better understand the process of securing web applications, and to help teachers/students teach/learn in a classroom environment Web application security. The goal of DVWA is to practice some of the most common web vulnerabilities through a simple and straightforward interface, with varying degrees of difficulty. Please note that this software

EditPlus Chinese cracked version
Small size, syntax highlighting, does not support code prompt function

MinGW - Minimalist GNU for Windows
This project is in the process of being migrated to osdn.net/projects/mingw, you can continue to follow us there. MinGW: A native Windows port of the GNU Compiler Collection (GCC), freely distributable import libraries and header files for building native Windows applications; includes extensions to the MSVC runtime to support C99 functionality. All MinGW software can run on 64-bit Windows platforms.

SecLists
SecLists is the ultimate security tester's companion. It is a collection of various types of lists that are frequently used during security assessments, all in one place. SecLists helps make security testing more efficient and productive by conveniently providing all the lists a security tester might need. List types include usernames, passwords, URLs, fuzzing payloads, sensitive data patterns, web shells, and more. The tester can simply pull this repository onto a new test machine and he will have access to every type of list he needs.

Notepad++7.3.1
Easy-to-use and free code editor
