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Ripple's Stablecoin Test Leads To Token Burns, What Next For RLUSD?

source-logo  coingape.com 08 October 2024 23:34, UTC

Ripple Labs continues its development and testing of the Ripple USD (RLUSD) stablecoin, with the blockchain company minting millions of RLUSD tokens in recent weeks. According to the Ripple Stablecoin Tracker, the company has burned some minted stablecoins in batches. These burns included four separate transactions, each involving 115 and 120 RLUSD tokens.

coingape.com