Ripple has made significant strides with its stablecoin, RLUSD, minting 10.5 million tokens and transferring them to a secondary treasury account[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://www.coindesk.com/business/2024/10/15/ripple-names-exchange-partners-for-stablecoin-rlusd-awaits-nydfs-approval/?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "1"). The RLUSD Treasury on XRP Ledger hosted the event, and the crypto community is abuzz with discussions about the stablecoin's launch schedule[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://ripple.com/solutions/stablecoin/?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "2").
### Key Updates:
- Reserve Transfer: Ripple transferred the RLUSD reserve to a secondary treasury account after minting[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://ripple.com/solutions/stablecoin/?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "2").
- Token Transfers: Four transactions sent 2.5 million RLUSD to unidentified wallets from this reserve[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://ripple.com/solutions/stablecoin/?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "2").
- Extended Global Forex Data: The stablecoin has been included in the Extended Global Forex Data spreadsheet, positioning it alongside fiat currencies and digital assets[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://ripple.com/solutions/stablecoin/?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "2").
### Community Reactions:
- Crypto Expert Mr. ManXRP: Highlighted RLUSD's growing importance and its potential for efficient, reliable cross-border transactions[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://ripple.com/solutions/stablecoin/?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "2").
- Market Speculation: Rumors suggest a possible launch this month, with some speculating it might be postponed to December[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://ripple.com/solutions/stablecoin/?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "2").
Stay tuned for more updates as Ripple gears up for the RLUSD launch! 🚀💼
#XRP #RLUSD #CryptoNews #Ripple #Stablecoin
