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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ripple-launches-major-token-series-for-rlusd-stablecoin-testing/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ripple Launches Major Token Series for RLUSD Stablecoin Testing</a><br></p>
<p style="text-align: justify">Ripple , a payments infrastructure provider, has released its largest <a href="https://en.coin-turk.com/memecoin-market-continues-to-attract-investors/" data-wpel-link="internal" rel="noopener noreferrer nofollow">token</a> series during the beta testing of the Ripple USD (RLUSD) stablecoin. A total of 485 RLUSD tokens were launched at 12:28 UTC, increasing the stablecoin supply to 563. This event marks a significant moment in the testing phase on both the Ethereum network and the XRP Ledger (XRPL).</p>
<h2 id="ripple-rlusd-testing">Ripple RLUSD Testing</h2>
<p style="text-align: justify">According to XRPScan data, Ripple has issued two significant RLUSD series, each sized at 485 RLUSD. Today’s issuance represents the largest since the project’s inception at the end of August.</p>
<p style="text-align: justify">The strategic decision to increase supply through these series aligns with ongoing efforts to test and scale RLUSD in various <a href="https://en.coin-turk.com/visa-vice-president-highlights-the-role-of-traditional-payment-systems-in-crypto-adoption/" data-wpel-link="internal" rel="noopener noreferrer nofollow">blockchain</a> environments. The community following the developments of RLUSD has shown great interest as it views these series as milestones on the roadmap toward a full-scale launch. The increase in token supply aims to provide more data and user feedback necessary to enhance token performance and stability.</p>
<h2 id="strategic-testing-phase">Strategic Testing Phase</h2>
<p style="text-align: justify">In the last 24 hours, the stablecoin tracker reported that 100 RLUSD tokens were burned in two batches alongside the issuance. This demonstrates a strategic approach to managing the circulating supply. The burning process involves permanently removing tokens from circulation, helping to control inflation and stabilize the token’s value against the US dollar. Currently, this is merely to check whether the functions are operating correctly.</p>
<p style="text-align: justify">The dual strategy of minting and burning RLUSD is critical for testing economic mechanisms that support the validity in the market. This approach ensures that the stablecoin maintains its connection to the dollar while testing liquidity arrangements on the XRPL and Ethereum platforms.</p>
<h2 id="supported-by-bitwise-cio">Supported by Bitwise CIO</h2>
<p style="text-align: justify">As Ripple prepares for RLUSD’s broader launch, significant financial figures have shared their perspectives on the potential market impact. Bitwise CIO Matt Hougan highlighted a promising outlook, especially with the anticipated conclusion of the <a href="https://en.coin-turk.com/us-treasury-department-approves-ethereum-wallet-linked-to-sinaloa-cartel/" data-wpel-link="internal" rel="noopener noreferrer nofollow">SEC</a> lawsuit.</p>
<blockquote>
 <p>“The expected regulatory clarity with the case’s resolution may pave the way for the launch of a Spot XRP ETF, further validating market confidence.”</p>
</blockquote>
<p style="text-align: justify">Hougan noted that the introduction of such financial products could trigger a significant increase in XRP prices. At the time of writing, XRP was priced at 0.588, reflecting a slight increase of 0.49% over the last 24 hours.</p>
<p style="text-align: justify">The release of RLUSD by Ripple is seen as an important step in testing the integration between blockchain technologies and preparing for the stablecoin’s launch.</p>
<p>The post <a href="https://en.coin-turk.com/ripple-launches-major-token-series-for-rlusd-stablecoin-testing/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ripple Launches Major Token Series for RLUSD Stablecoin Testing</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Ripple Launches Major Token Series for RLUSD Stablecoin Testing

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