With the Ripple Swell Conference that is being held on October 15 and 16, is generating a significant excitement as analysts speculate about the potential launch of the RLUSD stablecoin tomorrow.
Anticipation is reaching fever pitch as the highly-awaited Ripple Swell Conference gets underway. Among the burning topics being discussed is the potential launch of the RLUSD stablecoin, slated for October 15 or 16. This speculation gained further momentum with the recent transfer of 4.5 million RLUSD from an unknown wallet to another.
As the anticipation builds, analysts suggest that this substantial transfer indicates accelerated testing and readiness for a potential release. The transfer, which occurred on the Ethereum blockchain between unknown wallets, is seen as a critical step in XRP's preparations. This transfer, being one of the largest to date, suggests that XRP is getting ready to be launched and be operational.
Other key factors that are contributing to the excitement include a recent minting surge, with over 800,000 RLUSD being minted, bringing the total supply to $47.4 million. This rapid minting also suggests that Ripple is actively preparing for the market debut. These tests are being conducted on both XRPL and Ethereum networks, focusing on the reliability and security before the release.
Furthermore, Ripple executives have hinted that the launch could occur before the year ends, with CEO Brad Garlinghouse mentioning that RLUSD is in a private beta-testing stage and could be released in the coming weeks. However, Ripple has cautioned users to remain vigilant against scams and emphasized that RLUSD is not yet available to the public.
Collectively, these factors are creating a palpable sense of anticipation within the crypto community, leading many to believe that RLUSD may debut as early as October 15 or 16.
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