Ripple RLUSD Supply Suddenly Moves Toward Ethereum
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6 Articles
Ripple RLUSD Supply Suddenly Moves Toward Ethereum
TLDR Ripple burned 1,363,614.85 RLUSD on the XRP Ledger on September 6. The same 1,363,614.85 RLUSD was minted on Ethereum only seconds later. The matched transactions point to a cross-chain supply rebalancing rather than new RLUSD issuance. About $1.36 million in RLUSD liquidity effectively shifted from XRPL to Ethereum. The Ethereum-minted RLUSD was later transferred [...]
coin-turk.com
BITRSS🚨 On September 6th, Ripple burned 1,363,614.85 RLUSD on XRPL and re-minted it on Ethereum. 📌 The transaction changed which network the $RLUSD liquidity was held on, not the total supply. 🔄 The tokens minted on Ethereum were then transferred to an external wallet. 🧭 This final step shows that Ripple rebalanced the RLUSD distribution between the XRP Ledger and Ethereum. Read More: Ripple moved 1.36 million RLUSD from XRPL to Ethereum The artic…
A move attributed to Ripple withdrew or burned RLUSD 1.363.614.85 in XRP Ledger and recorded an equivalent amount in Ethereum, a sequence compatible with a possible rebalancing of liquidity between the two networks. *** According to the above report, RLUSD 1.363.614.85 were burned or shipped to an irrecoverable wallet in XRP Ledger. The same amount would have been coined in Ethereum just a few seconds later. The sequence could reflect a supply m…
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