Ripple Shuffles RLUSD Across Chains

Ripple's stablecoin, RLUSD, underwent a significant repositioning on September 6 when 1,363,614.85 units were transferred from the XRP Ledger to Ethereum.

This movement, valued at approximately $1.36 million, suggests an attempt by Ripple to expand the stablecoin's liquidity on the Ethereum network.

The operation involved burning the RLUSD tokens on the XRP Ledger and minting the same amount on Ethereum seconds later, indicating a controlled migration by the Ripple team.