XRP News: Ripple Labs Mints 20 Mln RLUSD on Ethereum as XRP Price Recovers
Key Insights:
- Recent XRP news shows that Ripple Labs minted 20,000,000 RLUSD on Ethereum as XRP also moved higher.
- XRP Price climbed from around $1.00 toward $1.40 after a bullish divergence signal.
- XRP recorded a sharp move as whales reportedly bought 300 million XRP while $1.25 billion in shorts were liquidated.
The XRP news today focuses on Ripple Labs minting 20 million RLUSD stablecoins on Ethereum. It’s worth noting that the development also comes in tandem with a rebound in the broader crypto market, let alone the XRP price.
Ripple Mints 20,000,000 RLUSD As XRP News Gains Attention
Ripple Labs has minted 20,000,000 RLUSD on Ethereum, according to the Ripple Stablecoin Tracker. The new mint comes as XRP Price has joined a wider market rebound, with the token moving sharply higher from around the $1 level.
The RLUSD mint adds another notable development to the latest XRP News, although the information shared does not state what the newly minted tokens will be used for. RLUSD is Ripple’s stablecoin, while XRP remains the native token of the XRP Ledger.
… Continue reading the full article at the original source below.
