Ripple Advances Stablecoin Launch Strategy with 185 RLUSD Burn

Quick Summary:

Ripple has progressed its stablecoin initiative by burning 185 Ripple USD (RLUSD) tokens from circulation.

This occurred at the RLUSD Treasury, where the tokens were effectively withdrawn from circulation by being sent back to the issuer’s account.

The XRP price trend exhibit a nuanced market response, with recent activities hinting at potential upward movements.

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Article Details

Author / Journalist: Ronny Mugendi

Category: Crypto

Markets: IndiaChinaHong KongPhilippines

Topics: 24/7 Cryptocurrency News Stablecoin Ripple XRP price Stablecoin News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-29 @ 09:33:44 (3 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 377 words

Reading Time: 3 minutes read

Sentences: 39 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22294660

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

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News Last Updated: 10 hours ago

Coverage Areas: India

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