Two XRPL Amendments Approved, Ripple Mints RLUSD

user avatar

by Giorgi Kostiuk

2 years ago

The XRP Ledger protocol (XRPL) is continuing its development by approving two new amendments. Ripple is also actively working on its new stablecoin, RLUSD.

XRPL Amendments Approved

The XRP Ledger protocol recently introduced and successfully approved two major changes named “fixEmptyDID” and “fixPreviousTxnID.” These updates were supported by 31 validators, surpassing the required threshold for implementation.

Development and Testing of RLUSD

Ripple is actively developing a new stablecoin called Ripple USD (RLUSD). This stablecoin is planned to be used on two blockchain networks and is intended to complement existing XRP tokens. The first information about RLUSD appeared in early September.

Recent RLUSD Treasury Activity

Recently, Ripple's RLUSD Treasury minted 300,000 RLUSD, as shown by Ethereum blockchain explorer Etherscan on September 28 at 03:13:47 AM UTC. Another mint of 50,000 RLUSD took place on September 27, and a smaller mint of 5,515 RLUSD occurred on September 25. Although RLUSD has not yet received regulatory approval and cannot be bought or sold, preparations for the launch continue. The RLUSD logo was recently updated in Ledger Live, and every RLUSD will be automatically bridged with each XRP transaction.

The exact date of the official release of RLUSD is still unknown, but continuous testing and development on both networks indicate a successful launch soon.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Ripple Prime Expands Institutional Trading with New Derivatives Access

Ripple Prime introduces access to perpetual derivatives referencing traditional assets for eligible institutional clients.

user avatarNguyen Van Long

Pirate Chain Developers Report Major Vulnerability

Pirate Chain developers disclosed a significant vulnerability leading to the creation of approximately 398 million unauthorized ARRR tokens, raising urgent questions about network supply and trust.

user avatarSatoshi Nakamura

Crypto King Aiden Pleterski Faces Criminal Charges Over Misuse of Investor Funds

A Canadian court hears evidence that Aiden Pleterski misused investor funds for personal expenses.

user avatarJesper Sørensen

BinanceUS Seeks $100 Million in Fundraising Round

BinanceUS is reportedly pursuing a $100 million fundraising round at a valuation of approximately $1 billion to strengthen its position in the American cryptocurrency market.

user avatarRajesh Kumar

Consulting Arrangement Raises Questions About Tether and Bo Hines

A reported $63 million consulting arrangement between Tether and Nxum, linked to former White House adviser Bo Hines, has sparked concerns over potential conflicts of interest.

user avatarLucas Weissmann

Arbitrum Engages European Financial Institutions on Blockchain Infrastructure

Arbitrum representatives presented the network's infrastructure and revenue model to European financial institutions managing substantial assets, discussing its commercial potential and the value of blockchain services.

user avatarFilippo Romano

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.