Analysts Claim XRP’s RLUSD to Launch Tomorrow
The post Analysts Claim XRP’s RLUSD to Launch Tomorrow appeared on BitcoinEthereumNews.com.
With Ripple Swell Conference that is being held on October 15 and 16, is generating a significant excitement as analysts speculate about the potential launch of the RLUSD stablecoin tomorrow. With a recent activity of 4.5 million RLUSD being transferred to an unknown wallet suggest that Ripple (XRP) is levelling up its testing phase. As the transfer is between unknown wallets, further fueling speculation about developments in the industry. Excitement is in the air as #Ripple Swell kicks off! 🚀 There’s growing buzz that Ripple might be dropping some major news—could we see the release of #RLUSD tomorrow? Adding to the speculation, #XRP‘s recent 3.5 million RLUSD transfer hints at a stablecoin launch. 🤔 Stay tuned… — Xaif 🇮🇳|🇺🇲 (@xaif_03) October 14, 2024 Ripple’s Largest Stablecoin Transfer With the recent transfer of 4.5 million RLUSD, analysts have suggested that this significant transfer indicates accelerated testing and readiness for a potential release. The transfer, which occurred on the Ethereum blockchain between unknown wallets, is seen as a critical step in XRP’s preparations. This transfer, one of the largest to date, signals that XRP is getting ready to be launched and be operational. Transaction Details of the 4.5 RLUSD transfer (Source: Etherscan) Transaction Details of the 4.5 RLUSD transfer (Source: Etherscan) Other Factors With the on-going minting surge, it has been observed that over 800,000 RLUSD have been minted recently, contributing to a total supply of $47.4 million. This rapid minting also suggest that Ripple is actively preparing for the market debut. These tests are being conducted on XRPL and Ethereum networks, focusing on the reliability and security before the release. Additionally, Ripple executives have hinted that the launch could occur before the year ends, with CEO Brad Garlinghouse stating that RLUSD is in private beta-testing stage but can be released in…
Filed under: News - @ October 14, 2024 11:29 am