Ripple President Issues Important RLUSD Statement, RLUSD Trading Volume Reaches 20.7 Million in 24 Hours

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Ripple (XRP) continues to demonstrate its ambitions in the global crypto market following the launch of its RLUSD stablecoin. According to recent reports, Ripple has transferred over 20.7 million RLUSD stablecoins in the past 24 hours using the X account Ripple Stablecoin Tracker monitoring tool. This movement has attracted widespread attention in the market, especially considering the significant use cases of the RLUSD stablecoin and Ripple's strategic direction.

Key Data and Dynamics:

RLUSD Stablecoin Transfers:

In the past 24 hours, several large transfers have drawn attention, including 12 transactions, each involving at least 1,000,000 RLUSD. The largest transactions were 3,500,000 RLUSD, 3,039,009 RLUSD, and 3,500,000 RLUSD, respectively.

These transactions were transferred to unknown addresses via anonymous wallets, reflecting the active use of RLUSD in the crypto market.

Ripple Treasury Minting:

According to tracker data, Ripple Treasury has minted 1,221,000 RLUSD, indicating the company's strong control over the issuance of the stablecoin and its market liquidity.

Since the official launch of the RLUSD stablecoin on XRPL and Ethereum chains in early December 2024, over 80 million RLUSD have been minted. Currently, the stablecoin is fully backed by US dollars and cash equivalents.

Applications of RLUSD:

Ripple intends to use RLUSD to improve cross-border B2B payments and remittances, providing a convenient on/off ramp for fiat currencies. As market demand grows, RLUSD could become an important tool for cross-border payments.

According to Ripple's recent white paper, the company plans to offer a more efficient and transparent payment system through RLUSD.

Monica Long's Predictions and Statements:

Ripple President Monica Long stated in an interview with Bloomberg that she expects 2025 to be a prosperous year for the overall cryptocurrency market, especially in the context of surging demand for stablecoins, with RLUSD seeing more adoption. She believes that as the crypto market matures, RLUSD will gain widespread use among both financial institutions and retail investors.

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