Stablecoin

XRP ETF

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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ripple-labs-accelerates-testing-of-rlusd-stablecoin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ripple Labs Accelerates Testing of RLUSD Stablecoin</a><br></p>
<p style="text-align: justify">Ripple Labs, a US-based <a href="https://en.coin-turk.com/injective-announces-partnership-with-google-cloud-for-illuminate-hackathon/" data-wpel-link="internal" rel="noopener noreferrer nofollow">blockchain</a> payment company, has intensified testing efforts for its stablecoin, RLUSD. According to Ripple’s Stablecoin Tracker, two significant tests involving minting and transfer operations were conducted on the XRP Ledger protocol. These tests marked the first major report of the month for those closely monitoring the development of RLUSD.</p>
<h2 style="text-align: justify" id="minting-and-transfer-operations-of-rlusd-stablecoin">Minting and Transfer Operations of RLUSD Stablecoin</h2>
<p style="text-align: justify">To strengthen its position in the stablecoin market, Ripple Labs has focused on RLUSD in recent months. The latest minting operation was recorded on XRP Ledger Index 146, resulting in the creation of exactly 9,999,700 RLUSD tokens. This amount is seen as a testament to Ripple’s commitment to its stablecoin project.</p>
<p style="text-align: justify">These operations have also resonated within the Ethereum blockchain. According to stablecoin tracker data, a total of 39,999,523 RLUSD tokens were produced on Ethereum at Block 21316829. XRPScan data reveals that these operations were carried out on the 92,505,016 Ledger and were organized for payment purposes. Ripple tested the system’s functionality by transferring these tokens from one Treasury account to another.</p>
<h2 style="text-align: justify" id="rapid-increase-in-xrp-prices">Rapid Increase in XRP Prices</h2>
<p style="text-align: justify">The developments surrounding RLUSD have positively impacted XRP’s market performance. XRP gained 30.55% in value within the last 24 hours, rising from $2.094 to $2.849. Currently, it is trading at around $2.758. Ripple aims to increase liquidity in the digital asset ecosystem by ensuring the integration of XRP with the RLUSD stablecoin, potentially strengthening XRP’s long-term market position.</p>
<p style="text-align: justify">Experts predict that positive developments in the US regulatory framework could support Ripple’s projects. Innovations such as XRP ETF approval may contribute positively to XRP’s market valuation. Ripple’s ongoing efforts to obtain the necessary approvals from New York are seen as a crucial part of the company’s expansion plans in the US market. The integration of XRP and RLUSD is expected to offer innovative solutions in payment systems.</p>
<p>The post <a href="https://en.coin-turk.com/ripple-labs-accelerates-testing-of-rlusd-stablecoin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ripple Labs Accelerates Testing of RLUSD Stablecoin</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Ripple Labs Accelerates Testing of RLUSD Stablecoin

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