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Ripple’s Latest Move: Over 10.3 Million RLUSD Transferred in a Single Batch
In a recent update, the Ripple Stablecoin Tracker revealed that more than 10.3 million RLUSD were transferred in batches, including a significant 1.5 million sent from Ripple Treasury to the Lithuania-based crypto exchange Uphold.
This massive transfer comes as a surprise to many in the community, especially considering it took place shortly after the launch of RLUSD, Ripple’s new stablecoin. The recent influx has sparked much interest and excitement among investors and traders alike.
Monica Long, Ripple President, recently discussed the newly launched RLUSD in an interview, highlighting the current valuation of the stablecoin market at approximately $160 billion. She went on to predict that it could reach around $3 trillion within the next four years.
Long emphasized the increasing demand for stablecoins that focus on regulatory compliance, diversification, and utility – all aspects that RLUSD aims to provide. The Ripple President believes that the launch of RLUSD is a significant step forward in bridging the gap between traditional finance and blockchain.
It’s essential to note that this massive transfer may have contributed significantly to the sudden rise in interest for RLUSD.
Source: u.today
