CandleFocus Pro-XRP Expert Addresses Rumors Surrounding Ripple Stablecoin
2024-09-30
Author: Content Editor
Prominent XRP community figure WrathofKahneman has addressed speculations surrounding Ripple's upcoming stablecoin RLUSD. Some "hype accounts" have been spreading premature information about the minting pace of RLUSD, suggesting that Ripple had already minted 80% of the supply in just 24 hours. However, WrathofKahneman clarified that RLUSD is still in beta testing and has not been released for official use. He urged the community to remain patient and avoid spreading misinformation. The official launch date of RLUSD on the mainnet has yet to be confirmed by Ripple. There are speculations within the XRP community that the mainnet launch of RLUSD could positively impact the price of XRP, with some predicting that XRP's price could soar to $1 million if it matches the value of RLUSD at $1. Currently, XRP is the best-performing cryptocurrency among the top 20, with a 24-hour gain of 4.88%.
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