Ripple’s RLUSD stablecoin gains momentum after significant transfers to key U.S. cryptocurrency exchanges like Kraken and Bitstamp.
Ripple Stablecoin Transfers Spark Community Interest
Ripple’s RLUSD stablecoin made waves as four million tokens were moved from treasury to XRP Ledger-based wallets.
Major US Exchanges Play a Role
The XRPWallets community linked RLUSD transfers to major exchanges Kraken and Bitstamp, fueling launch speculations.
RLUSD issued 2M to this address activated by Bitstamp 1 thru R9U activated by Kraken. RLODN as you can see below does have a TL set for 10 Quadrillion! 🎉🎉🎉🎉 We are currently tracking 2 Ripple Wallets already with 10Q TLs set and this is proving its legitimacy. 🚀🚀🚀🚀
Regulatory Approval Boosts Confidence
Ripple CEO Brad Garlinghouse confirmed NYDFS approval for RLUSD, ensuring that launch details would come directly from Ripple.
Ripple Eyes Competition in Stablecoin Market
Ripple aims for RLUSD to rival USDC and USDT, targeting the growing stablecoin market projected to reach $2.3 trillion.
Disclaimer:
The information provided on 13Desk is for informational purposes only and should not be considered financial advice. We strongly recommend conducting your own research and consulting with a qualified financial advisor before making any investment decisions. Investing in cryptocurrencies carries risks, and you should only invest what you can afford to lose. 13Desk is not responsible for any financial losses incurred from your investment activities.
