CandleFocus

Ripple Starts Burning RLUSD Hard – 2 Million Stablecoins Scorched in One Go

Ripple has burned a massive amount of RLUSD stablecoins, exciting the XRP community. The burn was part of a continuous private beta for RLUSD, and the community responded with enthusiasm, encouraging Ripple to continue testing their new asset. Over the past 48 hours, there have been several large XRP transfers, indicating increased whale activity. Despite this, the price of XRP has been trading sideways in the $0.52 range since October 3.

Related News