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In the last 24 hours, Ripple RLUSD The stablecoin has seen significant movement across unknown wallets. According to on-chain data, 12 transactions involving RLUSD were recorded in this time frame, for a total of 8,104,394 RLUSD. The most recent transaction involved 588,029 RLUSD, which was transferred between two unknown wallets.
Ripple stablecoin trackera community account on piece. . The total amount transferred across these 12 transactions was SAR 8,104,394.
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The transactions are as follows: 588,029 RLUSD and four transactions worth 600,000 RLUSD were transferred between unknown wallets; Two transactions worth 500,000 RLUSD were transferred between unknown wallets; 586,230 RLUSD and 980,220 RLUSD were transferred between unknown wallets; Two transactions worth 1,000,000 RLUSD and 549,915 RLUSD were transferred between unknown wallets.
Ripple stablecoin is gaining traction
Since its launch on December 17, the Ripple stablecoin has been gaining momentum in recent weeks. Major cryptocurrency exchange Bitstamp recently announced the addition of Ripple USD (RLUSD) on the Ethereum network to its asset portfolio. RLUSD is designed for institutional-level financial use cases, such as payments and tokenization.
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The following pairs have been added to the Bitstamp platform: RLUSD/Euro EUR, RLUSD/USD Dollar, RLUSD/USDT, RLUSD/Bitcoin BTC, RLUSD/Ethereum ETH and RLUSD/XRP.
The president rippled Monica Long She expects to see RLUSD on more platforms “soon” and also shared her expectations for an XRP ETF soon.
In a recent tweet, Ripple's CEO noted that with the stablecoin market poised for exponential growth this year, use cases like on/off ramps, access to USD and cross-border institutional payments will become more robust, supported by complementary assets like XRP.
Ripple announced this week that RLUSD has adopted the Chainlink standard for verifiable data to boost DeFi adoption with secure, real-time pricing data.
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