The X account Ripple Stablecoin Tracker has reported that nearly 21 million Ripple USD stablecoins have been transferred over the past 24 hours. The tracker revealed twelve transactions, each carrying at least a million RLUSD, showing that anonymous wallets have transferred funds to unknown blockchain addresses. The total amount moved since the previous day is approximately 20.7 million RLUSD, with the largest transfers carrying 3.5 million RLUSD. Additionally, 1,221,000 RLUSD were minted at the Ripple Treasury. The stablecoin was launched on both XRPL and Ethereum chains in December 2021 and is intended for cross-border payments and remittances. Ripple's president, Monica Long, expects that the demand for stablecoins will increase in the coming years and believes that RLUSD will be adopted by more platforms in the cryptocurrency and blockchain space. Long also anticipates SEC approval of a crypto-based exchange-traded fund (ETF), including a potential XRP ETF, in the near future.



Other News from Today