Ripple Issues Two Big Stablecoin Stashes, Burns 100 RLUSD Before Its Stablecoin Launch

Quick Summary:

While the new asset is still in its trial phase, it continues releasing and burning RLUSD.

Burning the coins usually means locking existing coins in wallets from which they can never be withdrawn or spent otherwise.

RLUSD will be launched on both the XRP Ledger and the Ethereum blockchain.

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Article Details

Author / Journalist: Nidhi Kolhapur

Category: Crypto

Markets: United States

Topics: News Ripple (XRP)

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-24 @ 12:33:21 (3 days ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 286 words

Reading Time: 2 minutes read

Sentences: 18 lines

Sentence Length: 16 words per sentence (average)

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

Copyright Owner: © Coinpedia

News ID: 22695719

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Official Website: coinpedia.org

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News Last Updated: 8 hours ago

Coverage Areas: United States

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