Stablecoin

Ethereum

2024

<p>Ripple is about to reach a crucial milestone in the crypto ecosystem. The latest movements within the cryptocurrency platform indeed suggest an imminent launch that could disrupt the stablecoins market. Details below!</p> 
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     <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4b5.png" alt="💵" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4b5.png" alt="💵" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4b5.png" alt="💵" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4b5.png" alt="💵" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4b5.png" alt="💵" class="wp-smiley" style="height: 1em; max-height: 1em;"> 5,515 <a href="https://twitter.com/hashtag/RLUSD?src=hash&amp;ref_src=twsrc%5Etfw">#RLUSD</a> minted at RLUSD Treasury.<a href="https://t.co/RmQ34xbSYg">https://t.co/RmQ34xbSYg</a></p>— Ripple Stablecoin Tracker (@RL_Tracker) <a href="https://twitter.com/RL_Tracker/status/1838996080844820706?ref_src=twsrc%5Etfw">September 25, 2024</a>
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  The crypto company Ripple multiplies the minting of RLUSD stablecoins
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<h2 id="h-ripple-intensifies-the-minting-of-the-rlusd-stablecoin-on-xrp-ledger-and-ethereum">Ripple intensifies the minting of the RLUSD stablecoin on XRP Ledger and Ethereum</h2> 
<p>Recent data shows that <strong>Ripple is increasing the minting</strong> of <a href="https://www.cointribune.com/en/crypto-ripples-stablecoin-the-secret-weapon-for-a-spectacular-rise-in-xrp/" target="_blank" rel="noreferrer noopener">RLUSD stablecoin</a> crypto, particularly on Ethereum and XRPL. According to cryptography experts, this marks a significant advancement in the testing phases.</p>
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<p>On September 25, Ripple indeed minted 5,515 new RLUSD crypto tokens. This brings the total supply to 6,028 tokens. This is the <strong>highest activity peak</strong> since the crypto project began last August. This indicates that Ripple could be close to finalizing its stablecoin.</p> 
<p>According to <a href="https://twitter.com/Vet_X0/status/1838997828057567505" target="_blank" rel="noreferrer noopener">reports</a> from Vet, a validator on XRPL, these unusual mintings indeed suggest an intensification of testing. This fuels speculation of a <strong>near crypto launch</strong>.</p> 
<h2 id="h-what-are-the-repercussions-for-the-price-of-xrp-in-the-crypto-market">What are the repercussions for the price of XRP in the crypto market?</h2> 
<p>With the potential arrival of RLUSD, the XRP community anticipates <strong>an upward surge in the price</strong> of <a href="https://www.cointribune.com/en/crypto-markets/xrp-xrp-en/" target="_blank" rel="noreferrer noopener">XRP</a>. Some believe that the introduction of this crypto asset could strengthen XRP’s position in the cryptocurrency ecosystem.</p>  
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<p>Currently, XRP <strong>is trading at $0.5854</strong> (far from its last peak in November 2021, where it exceeded the $1 mark). Speculations are intensifying. Some members of the crypto community even predict a significant revaluation of XRP with the increase in its use in future crypto transactions.</p> 
<p>The period is also meaningfull, as highlighted by Ryan Lee, Chief Analyst at Bitget Research:</p> 
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 <p>Firstly, looking at the overall cryptocurrency market and reviewing historical data, October has almost always been the best-performing month for the cryptocurrency market in the past decade, with BTC rising 8 times and falling 2 times. The market cap of stablecoins continues to rise after breaking historical highs, fueling further growth in the broader market.</p> 
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<p>In any case, Ripple is preparing something major that could redefine its role in the <a href="https://www.cointribune.com/quest-ce-quun-stablecoin/" target="_blank" rel="noreferrer noopener">stablecoins</a> universe. The near future will reveal whether the price of the XRP crypto asset will react to this anticipated launch.</p>

Crypto: Imminent Launch Of The Ripple Stablecoin?

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