Ripple, a prominent player in the blockchain industry, has been conducting on-chain testing of its Ripple USD (RLUSD) stablecoin. This comes as part of the preparations for the stablecoin's highly anticipated launch. The on-chain data shows significant movement, with a total of 42 million RLUSD transferred over a span of just two days.
The transfers were identified using the 'Ripple Stablecoin Tracker' on the platform formerly known as Twitter, now called X. It has been observed that Ripple Treasury has been actively minting and distributing large batches of RLUSD. Many of these batches have been moved to anonymous blockchain addresses.
This activity notably follows Ripple's recent public announcement regarding their partnership with liquidity partners, which aims to bolster the RLUSD's usability and integration within the decentralized finance (DeFi) ecosystem. That announcement has only added to the excitement surrounding the stablecoin.
منبع: www.fxcryptonews.com ↗