Ripple dumps XRP to pump RLUSD — still 0.2% the size of USDT
Ripple is selling over a billion dollars worth of cash, equity, and XRP tokens to fund an acquisition that it hopes will boost RLUSD volumes.
Ripple is selling over a billion dollars worth of cash, equity, and XRP tokens to fund an acquisition that it hopes will boost RLUSD volumes.
Despite excellent political and banking conditions for stablecoins, PayPal’s PYUSD and Ripple’s RLUSD are still less than 1% of the market.
Ripple and Fairshake tried to convince the US government to buy XRP as part of a crypto reserve. They failed at the eleventh hour.
An associate of Ripple co-founder Chris Larsen used the hacked password manager LastPass to store private keys guarding Larsen’s $150M in XRP.
Movements of XRP by Chris Larsen and Ripple insiders are drawing suspicion from skeptics of Donald Trump’s recent endorsement.