Ripple’s RLUSD stablecoin, pegged to the U.S. dollar, has seen significant on-chain movement ahead of its anticipated launch. On November 7, blockchain analytics reported multiple high-volume transfers involving both Ripple’s Treasury and unidentified wallets. These transfers could be related to liquidity preparations, wallet testing, or strategic distribution.
Meanwhile, Ripple also transferred 470 million XRP tokens on November 6, valued at approximately $250.45 million, sparking widespread speculation about the purpose behind this movement. The timing and nature of these transactions are raising questions in the crypto market and among industry experts.
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<p>The post Ripples RLUSD Transfers: Stablecoin Preparations or Liquidity Establishment first appeared on CoinBuzzFeed.</p>
