XRP News: Ripple Burns 470 Million RLUSD Stablecoins Amid Beta Project Testing

Quick Summary:

This series of burns came amid Ripple’s warnings to the community about scammers attempting to exploit the still-in-beta project.

Ripple remains focused on keeping the launch secure as it continues testing its new stablecoin initiative.

However, the company recently confirmed that the stablecoin will only launch on Ethereum in 2024, with limited functionality on the XRP Ledger.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Nidhi Kolhapur

Category: Crypto

Markets: United States

Topics: Rlusd Project Ripple Crypto Stablecoin Minting Million Remains Burns Stablecoins Launch

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-08 @ 18:16:53 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 297 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 18 words per sentence (average)

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

Copyright Owner: © Coinpedia

News ID: 22958351

View Article Analysis

About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 23 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #112

Publisher Details

Frequently Asked Questions