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Ripple Burns All RLUSD Stablecoins Ahead of 2024 Launch, No Tokens in Circulation

Coinedition LogoCoinedition3d ago

Ripple Burns All RLUSD Stablecoins Ahead of 2024 Launch, No Tokens in Circulation - Coinedition

Quick Summary:

The tokens were sent back to the RLUSD issuer account, effectively taking them out of circulation.  This move was confirmed by Vet, an XRP Ledger (XRPL) validator, in a tweet.

Ripple has burned all the 185 RLUSD stablecoin tokens initially issued during its private beta phase.

Following this burn, data from XRPScan confirms that zero […]


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Ripple Burns All RLUSD Stablecoins Ahead of 2024 Launch, No Tokens in Circulation - Coinedition (Picture 1)Ripple Burns All RLUSD Stablecoins Ahead of 2024 Launch, No Tokens in Circulation - Coinedition (Picture 2)

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Article Details

Author / Journalist: Abdulkarim Abdulwahab

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-29 @ 15:15:00 (3 days ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 158 words

Reading Time: 1 minutes read

Sentences: 46 lines

Sentence Length: 4 words per sentence (average)

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

Copyright Owner: © Coinedition

News ID: 22298292

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About Coinedition

Coinedition Logo

Main Topics: Crypto

Official Website: coinedition.com

Year Established: 2020

Headquarters: India

News Last Updated: 1 days ago

Coverage Areas: India

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #124

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The story "Ripple Burns All RLUSD Stablecoins Ahead of 2024 Launch, No Tokens in Circulation" was covered 3 days ago by Coinedition, a news publisher based in India.

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It's most recent story was published 1 days ago.

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  • URL: https://beamstart.com/news/ripple-burns-all-rlusd-stablecoins-17249463296563

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