Ripple’s stablecoin RLUSD is making waves, with 20.7 million RLUSD transferred in the last 24 hours. According to Ripple Stablecoin Tracker, 12 transactions, ranging from 1 million to 3.5 million RLUSD, were carried out between anonymous wallets. The largest transfers included amounts of 3.5 million, 3.04 million, and 3.5 million RLUSD. Additionally, Ripple minted 1.22 million RLUSD at its treasury.
Launched in December on XRPL and Ethereum, RLUSD is backed by USD and cash-equivalent reserves. Ripple has minted over 80 million RLUSD so far and plans to release an attestation report this mont
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The cryptocurrency market witnessed a significant boost over the last 24 hours, led by substantial gains in Bitcoin (BTC) and Dogecoin (DOGE). The global crypto market cap surged over 4%, reaching approximately $2.9 trillion during the early Asian session on Monday, November 11. Bitcoin notably rose by over 5%, achieving a new all-time high (ATH) of $81,672 as major altcoins mirrored this bullish movement. Increased volatility resulted in more than $684 million in liquidations among leveraged traders in the last 24 hours.