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Ripple USD (RLUSD) Earns Praise From Cardano Founder: Crypto News Digest by U.Today
In a shocking turn of events, Binance has witnessed an unprecedented withdrawal of 4,999,999,999 DOGE from their platform. This massive withdrawal has left the cryptocurrency community stunned and perplexed. On the other hand, the Ripple USD (RLUSD) stablecoin has gained significant attention following its approval by the New York State Department of Financial Services.
According to reports, approximately $66 million worth of RLUSD tokens have been minted in just two weeks since its launch on XRP Ledger and Ethereum. This impressive feat has garnered praise from Cardano founder Charles Hoskinson, who commended Ripple’s innovative approach in creating a stablecoin that can be utilized for various use cases.
The RLUSD stablecoin is poised to revolutionize the crypto landscape by enabling instant settlements, collateralization, and seamless integration with DeFi applications. In his statement, Ripple President Monica Long emphasized the significance of this milestone, highlighting the potential benefits it will bring to the industry.
In related news, the Shiba Inu (SHIB) community has witnessed a remarkable surge in its token price, jumping from a mere billion to an astonishing 13 trillion SHIB. This meteoric rise has sent shockwaves through the crypto market, with many experts speculating on the potential causes and implications of this sudden upsurge.
As the cryptocurrency space continues to evolve at breakneck speed, it is essential for investors to stay informed about these rapid developments.
Source: u.today
