Ripple treasury moves $39.4 million RLUSD between XRP Ledger, Ethereum
Ripple has facilitated significant transfers of its stablecoin RLUSD across both the XRP Ledger and Ethereum networks as the asset’s market capitalization approaches $2.4 billion. The Ripple Stablecoin Tracker recently identified a mint of precisely 14,394,224 RLUSD at the RLUSD Treasury on the XRP Ledger. This mint followed the burning of 10 million RLUSD on the same ledger. Shortly after, another 15 million RLUSD was removed from the RLUSD supply on Ethereum.