u.today
Ripple blockchain behemoth has transferred close to 10 million $RLUSD stablecoins within a single hour. Several large transactions close to 2,000,000 $RLUSD each have taken place.
Earlier this week, Ripple made an official launch of its new product in the crypto space and has begun to transfer $RLUSD to cryptocurrency exchanges for users to begin using it for trading, payments and remittance.
🚨🚨🚨🚨🚨🚨 1,800,000 #$RLUSD transferred from unknown wallet to unknown wallet.https://t.co/wQqksOdweb
— Ripple Stablecoin Tracker (@RL_Tracker) December 20, 2024
10 million $RLUSD in one hour
Ripple Stablecoin Tracker has revealed that over the past hour, roughly 10,000,000 $RLUSD have changed hands mysteriously. Two transfers carried one million $RLUSD each and, before that, the aforementioned data source spotted five transactions that moved 1.7 and 1.8 million at a go.
Roughly 10 million $RLUSD have been moved in total in a single hour. Part of that amount was transferred to Lithuania-based cryptocurrency exchange Uphold.
🚨🚨🚨🚨🚨🚨 1,000,000 #$RLUSD transferred from unknown wallet to unknown wallet.https://t.co/g3Gv0dwJiH
— Ripple Stablecoin Tracker (@RL_Tracker) December 20, 2024
On Thursday, U.Today reported that Ripple had transferred a similar amount of $RLUSD. Three days ago, Ripple officially launched its U.S. dollar-backed stablecoin.
Ripple CTO addresses wallet integrating $RLUSD
Earlier today, Ripple chief technology officer (CTO) David Schwartz took to the X social media network to highlight, in a somewhat sarcastic manner, one of the platforms will begin work with the new stablecoin – Bifrost wallet.
In his tweet, Schwartz published a poll, asking the correct way to pronounce the wallet’s title, Bifrost. Should it be pronounced “beef-roast” or “buy-frost?” The Ripple CTO is well-known for his sarcastic and acid tweets, regarding not only the crypto space but other industries and life spheres as well.
Earlier today, Ripple shared a video, in which the Chief Revenue and Marketing Officer at Uphold, Nancy Beaton, spoke about the benefits of the new stablecoin for users, saying that $RLUSD sets new standards in this sphere and will definitely bring “efficiency, speed and transparency to global payments.”
$RLUSD Spotlight: @UpholdInc’s Nancy Beaton (@beatonboulder) explains how $RLUSD sets a new standard for stablecoins and brings efficiency, speed and transparency to global payments. https://t.co/pE4OIjrdoC pic.twitter.com/Fs7fupnbMN
— Ripple (@Ripple) December 20, 2024
In a recent interview, Ripple President Monica Long highlighted that $RLUSD will be fully transparent and compliant to enter the $160 billion market of stablecoins, which is expected to expand to a whopping $3 trillion within the next four years. Long stressed that Ripple created $RLUSD to continue bridging traditional finance and the blockchain sphere.