Ripple Burns Majority of USD Tokens – Stablecoin Incoming?
Ripple has been testing its RLUSD stablecoin with select enterprise partners and plans to expand it to multiple blockchains. Ripple’s President, Monica Long, suggested that the public launch could happen by the end of 2024, positioning the stablecoin for broader enterprise use. Ripple has burned nearly 46.7 million RLUSD tokens, triggering speculation about the company’s…