Coinspeaker
Ripple Burns 47M RLUSD: When Is Launch Timeline?
Blockchain payments firm Ripple Labs Inc has burnt almost 47 million RLUSD stablecoins in 24 hours. The sudden token burn has sparked intense speculation about what might be brewing at Ripple Labs.
The crypto community wonders if this signals an imminent announcement about the company’s much-anticipated stablecoin. Others wonder if the move is a strategic maneuver to clear regulatory and technical hurdles.
Ripple’s latest market moves have been carefully orchestrated as the global appetite for stablecoins surges.
The Stablecoin Journey: Ripple’s Big Ambitions
On Wednesday, the Ripple Stablecoin Tracker account reported that a whopping 46,676,120 RLUSD tokens were burned. This burn, conducted within a single day, effectively removed the majority of these minted tokens from circulation.
Pretty much all #RLUSD was burned today.
On each Ethereum and XRP Ledger there is only around 100k RLUSD left. pic.twitter.
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