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Title: No RLUSD Minted Since April 2 – Is Something Cooking?
A recent tweet from Ripple CEO Brad Garlinghouse has sparked widespread speculation and curiosity among the cryptocurrency community. In a surprising move, he revealed that Ripple has acquired a significant stake in a leading financial institution, marking one of the largest deals ever in the crypto space.
However, what’s more intriguing is the fact that no RLUSD has been minted since April 2nd. What could be the reason behind this sudden pause? Is something cooking in the background?
Ripple’s press release highlighted the massive implications of this deal, stating that RLUSD will now be used as a collateral in its brokerage services for top global customers. This would also include crypto trading, allowing Ripple to pioneer a new use-case for XRP and RLUSD.
The acquisition is being touted as a groundbreaking move, as it marks the first-ever stablecoin to power efficient cross-margining between the crypto space and conventional financial markets. Monica Long, President of Ripple, emphasized the significance of this transaction: “This is no small feat to achieve today,” adding that in combination with using the XRP Ledger for post-trade settlement in the future, the possibilities are staggering.”
Given the sudden halt in RLUSD minting since April 2nd, it raises questions about what’s going on behind the scenes. Some speculate that Ripple might be building a new product or service around RLUSD, which would justify the pause. Others believe that the company may be rebranding or repurposing their stablecoin entirely.
The crypto space is buzzing with excitement and intrigue as we await more information from Ripple. Will they release more details about the deal’s specifics? Is this acquisition merely a strategic move to bolster their position in the market, or are there even greater plans brewing?
Whatever the reason may be, one thing is clear – Ripple has taken a bold step forward that will have far-reaching implications on the crypto landscape.
Source: https://u.today/no-rlusd-minted-since-april-2-is-something-cooking
