CandleFocus 441,000 Ripple USD (RLUSD) in One Hour – What's Happening?
2024-11-08
Author: Content Editor
Ripple has conducted six consecutive transactions of its RLUSD stablecoin, each carrying a large amount of RLUSD, after a pause of several weeks. The transfers, which took place within a single hour, totaled 441,000 RLUSD. Some of the transactions were conducted between anonymous wallets affiliated with Ripple, while others involved the RLUSD Treasury. The transfers were part of testing the new stablecoin before its launch. Ripple aims for RLUSD to become a gold standard for enterprise-grade stablecoins. In a separate development, Whale Alert observed the transfer of over 500 million XRP coins in two batches, with the sender and receiver remaining unknown.
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