Ripple is on the verge of a crucial milestone in the crypto ecosystem. The latest movements within the cryptographic platform indeed suggest an imminent launch which could shake up the stablecoin market. Details below!
Ripple intensifies minting of RLUSD stablecoin on XRP Ledger and Ethereum
Recent data shows that Ripple increases minting crypto stablecoin RLUSD, particularly on Ethereum and XRPL. According to cryptography experts, this marks an important step forward in the testing phases.
On September 25, Ripple minted 5,515 new RLUSD crypto tokens. This brings the total supply to 6,028 tokens. This is the highest peak of activity since the crypto project began last August. This shows that Ripple could be close to finalizing its stablecoin.
According to the reports from Vet, validator on XRPL, these unusual strikes indeed suggest an intensification of testing. Which fuels speculation of a crypto launch close.
What are the implications for the price of XRP on the crypto market?
With the potential arrival of RLUSD, the XRP community anticipates a skyrocketing price of XRP. Some believe that the introduction of this crypto asset could strengthen the position of XRP in the cryptocurrency ecosystem.
Currently, XRP is trading at $0.5854 (far from its last peak in November 2021, where it exceeded the $1 mark). Speculation is intensifying. Some members of the crypto community are even predicting a significant revaluation of XRP as its usage increases in future crypto transactions.
In any case, Ripple is preparing something major that could redefine its role in the world of stablecoins. The near future will reveal whether the price of the crypto-asset XRP will react to this expected launch.
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