💵💵💵💵💵 5,515 #RLUSD minted at RLUSD Treasury.https://t.co/RmQ34xbSYg
— Ripple Stablecoin Tracker (@RL_Tracker) September 25, 2024
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Crypto: Imminent Launch Of The Ripple Stablecoin?
Thu 26 Sep 2024 ▪
3
min read ▪ by
Getting informed
▪
Stablecoin
Ripple is about to reach a crucial milestone in the crypto ecosystem. The latest movements within the cryptocurrency platform indeed suggest an imminent launch that could disrupt the stablecoins market. Details below!
Ripple intensifies the minting of the RLUSD stablecoin on XRP Ledger and Ethereum
Recent data shows that Ripple is increasing the minting of RLUSD stablecoin crypto, particularly on Ethereum and XRPL. According to cryptography experts, this marks a significant advancement in the testing phases.
On September 25, Ripple indeed minted 5,515 new RLUSD crypto tokens. This brings the total supply to 6,028 tokens. This is the highest activity peak since the crypto project began last August. This indicates that Ripple could be close to finalizing its stablecoin.
According to reports from Vet, a validator on XRPL, these unusual mintings indeed suggest an intensification of testing. This fuels speculation of a near crypto launch.
What are the repercussions for the price of XRP in the crypto market?
With the potential arrival of RLUSD, the XRP community anticipates an upward surge in the price of XRP. Some believe that the introduction of this crypto asset could strengthen XRP’s position in the cryptocurrency ecosystem.
Currently, XRP is trading at $0.5854 (far from its last peak in November 2021, where it exceeded the $1 mark). Speculations are intensifying. Some members of the crypto community even predict a significant revaluation of XRP with the increase in its use in future crypto transactions.
The period is also meaningfull, as highlighted by Ryan Lee, Chief Analyst at Bitget Research:
Firstly, looking at the overall cryptocurrency market and reviewing historical data, October has almost always been the best-performing month for the cryptocurrency market in the past decade, with BTC rising 8 times and falling 2 times. The market cap of stablecoins continues to rise after breaking historical highs, fueling further growth in the broader market.
In any case, Ripple is preparing something major that could redefine its role in the stablecoins universe. The near future will reveal whether the price of the XRP crypto asset will react to this anticipated launch.
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Je m'appelle Ariela et j'ai 31 ans. J'oeuvre dans le domaine de la rédaction web depuis maintenant 7 ans. Je n'ai découvert le trading et la cryptomonnaie que depuis quelques années. Mais c'est un univers qui m'intéresse beaucoup. Et les sujets traités au sein de la plateforme me permettent d'en apprendre davantage. Chanteuse à mes heures perdues, je cultive aussi une grande passion pour la musique et la lecture (et les animaux !)
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.