🚀 Ripple moves 20M RLUSD from Ethereum to XRP Ledger 🔄
Ripple has burned 20 million RLUSD on Ethereum and reissued them on the XRP Ledger, demonstrating a strategic shift in the distribution of its stablecoin 💵.
📉 What happened:
• 20M RLUSD burned on Ethereum (ERC-20) 🔥
• 20M RLUSD newly issued on XRPL ⚡
🔍 Why it matters:
• Increased liquidity and usage on XRPL due to lower costs and faster transactions ⚡💸
• Optimization of the stablecoin management by Ripple 🎯
• Strengthening of the XRPL ecosystem and potential increase in its adoption 📈
🔮 What’s next:
This move could mark the beginning of a greater concentration of RLUSD on XRPL, enhancing its native applications and improving the experience for users and traders.
⚠️ It is not a definitive withdrawal from Ethereum, just an operational relocation.
