5 hours ago

20M RLUSD Burned on Ethereum: Why Ripple is Powering Up the XRP Ledger

TLDR Ripple burned 20 million RLUSD on Ethereum and minted the same amount on the XRP Ledger. The transactions were executed within minutes and recorded on Etherscan and XRPSCAN. Blockchain analyst Vet detected the movement through the Ripple Stablecoin Tracker feed on X. The shift increases RLUSD liquidity on the XRP Ledger where adoption has [...]

The post 20M RLUSD Burned on Ethereum: Why Ripple is Powering Up the XRP Ledger appeared first on Blockonomi.

Source: Blockonomi →