CandleFocus 10 Million RLUSD Moved in One Hour as Things With Stablecoin Heating Up
2024-12-20
Author: Content Editor
Ripple has transferred around 10 million RLUSD stablecoins within an hour, with several large transactions of about 2 million RLUSD each taking place. These transfers are part of Ripple's launch of its new product in the crypto space, allowing users to trade, make payments, and send remittances using RLUSD. The transfers were made to various unknown wallets and also to the Lithuania-based cryptocurrency exchange Uphold. Ripple's CTO, David Schwartz, sarcastically highlighted the use of RLUSD by the Bifrost wallet in a tweet. Ripple President Monica Long emphasized that RLUSD is compliant and transparent, aiming to bridge traditional finance and the blockchain sector.
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