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Sujit Kumar
Jan 8, 2025
by Sujit Kumar

Ripple Moves 20.7M RLUSD Stablecoins Amid Growing Adoption

RLUSD Stablecoins

Table of contents

  1. Enhancing Cross-Border Payments
  2. Ripple’s 2025 Vision
Ripple’s stablecoin RLUSD is making waves, with 20.7 million RLUSD transferred in the last 24 hours. According to Ripple Stablecoin Tracker, 12 transactions, ranging from 1 million to 3.5 million RLUSD, were carried out between anonymous wallets. The largest transfers included amounts of 3.5 million, 3.04 million, and 3.5 million RLUSD. Additionally, Ripple minted 1.22 million RLUSD at its treasury.

Launched in December on XRPL and Ethereum, RLUSD is backed by USD and cash-equivalent reserves. Ripple has minted over 80 million RLUSD so far and plans to release an attestation report this month, detailing the assets backing the stablecoin.

Enhancing Cross-Border Payments

Ripple’s white paper highlights RLUSD’s role in improving cross-border B2B payments, remittances, and fiat on/off-ramps. The stablecoin is already being used by platforms like Bitstamp and Bullish, with more exchanges expected to adopt it soon.

Ripple’s 2025 Vision

Ripple President Monica Long shared her optimistic outlook for crypto in 2025, predicting increased stablecoin demand and wider adoption of RLUSD. She emphasized RLUSD's potential to benefit financial institutions and retail users alike.

Long also expects the SEC to continue approving crypto-based ETFs, potentially paving the way for an XRP ETF following last year’s approvals of Bitcoin and Ethereum ETFs.

With its growing adoption and strategic focus, RLUSD is poised to play a crucial role in the cryptocurrency ecosystem in the coming years.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
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RLUSD Stablecoins
Ripple Moves 20.7M RLUSD Stablecoins Amid Growing Adoption
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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