🔥 Ripple’s Big Move: All RLUSD Tokens Burned! Is a Major Announcement Imminent? 🔥
🚨 In a dramatic twist, 46,676,120 Ripple USD (RLUSD) tokens were burned within just 24 hours, sparking speculation across the crypto world!
💡 Why Does It Matter?
This burning spree could hint at Ripple’s long-awaited stablecoin launch—a bold step into the booming $130B stablecoin market currently dominated by Tether (USDT) and USDC.
💼 What We Know So Far:
• Ripple’s stablecoin testing began in August with select enterprise partners.
• The stablecoin will debut on XRP Ledger and Ethereum, with potential for multi-chain expansion.
• Ripple President Monica Long revealed that several customers are already on board for the launch!
⚖️ Regulatory Hurdles:
Ripple is working to secure approval from the New York State Department of Financial Services (NYSDFS)—a critical step toward market entry.
⏳ What’s Next?
While an official release date is still under wraps, Ripple hinted that the stablecoin could go live by year-end.
📈 The Bigger Picture:
Ripple’s move into the stablecoin sector underscores the growing demand for dollar-pegged assets, reshaping the future of decentralized finance (DeFi).
🌟 Will Ripple challenge the stablecoin giants? Stay tuned for what could be one of the most significant announcements of the year!