Ripple Moves 294K RLUSD Stablecoins, What’s Happening?

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The story "Ripple Moves 294K RLUSD Stablecoins, What’s Happening?" was covered 2 weeks ago by CoinGape, a news publisher based in India.

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Ripple Moves 294K RLUSD Stablecoins, What’s Happening? - CoinGape

Quick Summary:

Ripple’s RLUSD stablecoin, pegged to the U.S.dollar, has been involved in a series of substantial on-chain transfers ahead of its anticipated launch.

Blockchain data showed that Ripple’s Treasury moved a total of 294,000 RLUSD tokens across multiple transactions.

The purpose of this significant XRP transfer remains unconfirmed, though some analysts believe it may relate to Ripple’s On-Demand Liquidity (ODL) service, which supports cross-border payments using XRP.