
Ripple Labs Starts Burning RLUSD Stablecoin: What Does This Mean for the Upcoming Launch?
TL;DR Ripple Labs has started burning its new stablecoin, RLUSD, as part of efforts to ensure a smooth and successful launch, following a private beta on
Ripple is a digital payment protocol and cryptocurrency founded in 2012. Its native cryptocurrency, XRP, is used to facilitate fast and low-cost international money transfers.
Ripple’s network operates on a decentralized blockchain, but unlike Bitcoin and other cryptocurrencies, it does not require mining. Instead, transactions are validated through a consensus algorithm, which allows for faster processing times and lower fees. Ripple’s technology has been adopted by various financial institutions and payment networks, making it a popular choice for cross-border payments and remittances.
TL;DR Ripple Labs has started burning its new stablecoin, RLUSD, as part of efforts to ensure a smooth and successful launch, following a private beta on
TL;DR The crypto industry has invested over $119 million in the 2024 elections to support pro-crypto candidates, with Coinbase and Ripple leading the donations. Some controversy
TL;DR XRP options activity surges: The $1.10 call option for XRP, expiring on August 28, leads with 4,347,000 contracts valued at $2.44 million, reflecting high market
TL;DR Ripple has begun testing its stablecoin RLUSD on XRP Ledger and Ethereum, but it is not yet available for purchase or trading. RLUSD is designed
TL;DR Ripple’s Legal Victory: After four years of court battles, Ripple has won its case against the SEC, with Judge Annalisa Torres ruling that XRP is
TL;DR XRP Recovery: XRP price dropped to $0.43 on August 5 but recovered by 6.64% to reach $0.5088. Technical outlook: Some analysts see the decline as
TL;DR Ripple will launch a new stablecoin called Ripple USD (RLUSD), pegged to the US dollar and issued on XRP Ledger and Ethereum. RLUSD promises high
TL;DR Ripple’s Move: Ripple has introduced U.S. Treasury bills on the XRP Ledger via the OpenEden tokenization platform. These short-term debt obligations, backed by the U.S.
TL;DR XRP’s Remarkable Month: XRP is ending July on a high note, achieving its best performance this year. Real-time market data shows XRP trading at $0.6492,
TL;DR Linda P. Jones highlights Ripple and XRP’s potential, suggesting that the company could be significantly undervalued. The firm, currently valued at $7.5 billion, could see
Ads
Follow us on Social Networks
Crypto Tutorials
Crypto Reviews
© Crypto Economy