Ripple's RLUSD Sees Significant Treasury Moves Amid Market Volatility
Ripple's RLUSD stablecoin has seen significant activity in recent days, with substantial issuance and burning actions taking place between its XRP Ledger and the Ethereum network.
As of September 11, the market valuation of RLUSD was approximately $2.4 billion, signaling a treasury flow of about $39.4 million.
The latest transactions suggest that Ripple is actively managing its stablecoin's supply and demand, potentially in response to changing market conditions or increasing adoption.