Ripple Accelerates Stablecoin Initiative with 350,000 RLUSD Issued
Ripple has issued an additional 350,000 units of its RLUSD stablecoin in 24 hours, as part of testing on the XRP Ledger and Ethereum. The testing is designed to ensure the security and efficiency of RLUSD ahead of its official launch.
Recent updates to the XRP Ledger, including the fixEmptyDID and fixPreviousTxnID amendments, are strengthening the networkâs stability, making it easier to integrate RLUSD into the blockchain ecosystem.
Market reaction has been positive, with XRP surging 5.44% to $0.622. However, a 25% drop is still possible if the SEC appeals before October 7.
#MarketDownturn #BinanceTurns7 #IntroToCopytrading $XRP $ETH $USDC
