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

MEXC Launches 'Trading Takes Two' Campaign to Showcase AI Capabilities

MEXC is launching a month-long campaign titled 'Trading Takes Two' to showcase how MEXC AI supports users in their trading journey.

user avatarTenzin Dorje

HTX Research Highlights Risks in Stock-Linked Memecoins

HTX Research's report highlights the risks of stock-linked memecoins, focusing on misleading high APY figures and the importance of understanding market conditions.

user avatarBayarjavkhlan Ganbaatar

HTX Research Unveils Insights on Stock-Linked Memecoins

HTX Research has released a report on stock-linked memecoins, analyzing their market structure and growth potential.

user avatarMohamed Farouk

BAI Builds Closed-Loop Infrastructure for the Agent Economy

BAI is building a closed financial loop for the agent economy, integrating models and agents to facilitate seamless transactions.

user avatarDiego Alvarez

BAI Sets New Industry Record with 151 Trillion Tokens Daily Throughput

BAI has set a new industry record with a daily throughput of over 151 trillion tokens, marking a significant increase since its launch.

user avatarElias Mukuru

Justin Sun Prize Launched to Transform Scientific Research

The Justin Sun Prize has been established to redefine scientific rewards in the AI era, offering up to $1 million for breakthroughs in fundamental disciplines and machine formal verification.

user avatarKenji Takahashi

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.