Ripple Added New Info About RLUSD on its Official Website
05.08.2024 11:00 1min. read Alexander Stefanov
Ripple Labs. recently added on its official website details about its upcoming stable coin that will be released later this year.
As of August 4, detailed information about Ripple’s stablecoin is available on the company’s website, noting that its availability is subject to regulatory approval.
The purpose of the stablecoin, RLUSD, is to store, buy, and trade U.S. dollars in the chain and for payments. The coin will be pegged to $1 and issued in both the XRP Ledger and the Ethereum blockchain.
At the time of writing, XRP was trading at $0.53, reflecting a 5% loss on the day and 12% overall over the past month, after losing key psychological support at $0.60.
XRP could potentially extend its losses, reaching support at $0.50. If it dives into the imbalance zone between $0.4780 and $0.5136, it could fill the gap and try to recover. After this correction, XRP could rise towards $0.70.
-
1
MicroStrategy Outperforms Major Companies with 1,113% Growth Since 2020
26.08.2024 8:00 1min. read -
2
Cardano Founder to Launch Decentralized Social Network in Brazil Following X Ban
01.09.2024 12:00 1min. read -
3
Two Top American Banks Report Major Data Breach
25.08.2024 9:00 2min. read -
4
Another Bitcoin Mining Firm Files for Chapter 11 Bankruptcy
27.08.2024 19:30 1min. read -
5
Here is When Binance Ex-CEO Could Be Release From Prison
01.09.2024 9:00 1min. read
Tether’s USDT Surge Highlights Unmatched Dominance in the Stablecoin Market
Tether’s USDT, the largest stablecoin, continues to strengthen its market position, with its market capitalization nearing $120 billion for the first time.
Chainlink Leads ERC-20 Projects in Development Activity, Outpacing Ethereum
According to crypto analytics firm Santiment, the decentralized oracle network Chainlink (LINK) leads all ERC-20 projects in development activity.
Investor Nets $131 Million Profit Holding Ethereum Through Market Downturn
A cryptocurrency investor earned $131.72 million by buying Ether during the 2022 market downturn and holding onto it through two years of market uncertainty.
Kamala Harris Signals Strong Support for Crypto in Bold Economic Strategy
Vice President Kamala Harris, the Democratic candidate for the upcoming presidential election in November, recently spoke at a Wall Street fundraiser where she addressed the cryptocurrency industry for the first time.
-
1
MicroStrategy Outperforms Major Companies with 1,113% Growth Since 2020
26.08.2024 8:00 1min. read -
2
Cardano Founder to Launch Decentralized Social Network in Brazil Following X Ban
01.09.2024 12:00 1min. read -
3
Two Top American Banks Report Major Data Breach
25.08.2024 9:00 2min. read -
4
Another Bitcoin Mining Firm Files for Chapter 11 Bankruptcy
27.08.2024 19:30 1min. read -
5
Here is When Binance Ex-CEO Could Be Release From Prison
01.09.2024 9:00 1min. read
