Ripple Transfers 42 Million RLUSD in 48 Hours, Community Abuzz
2024-10-17

Ripple blockchain giant continues to test RLUSD on-chain prior to the launch which now seems to be not far away. According to the data provided by the “Ripple Stablecoin Tracker” on the X platform (widely famous as Twitter in the past), recently, Ripple Treasury has minted several tens of millions of Ripple USD stablecoins.
After minting, these RLUSD batches were transferred and often sent to anonymous blockchain addresses.
This happened after Ripple revealed its partners that will provide liquidity for the stablecoin and the company’s CEO Brad Garlinghouse revealed that RLUSD was intended to become gold standard for enterprise-grade stablecoins.
42 million RLUSD on the move
Ripple Stablecoin Tracker has shared details of six large RLUSD transactions, when a total of 42 million stablecoins was moved. The data source marked those transfers as made either from “RLUSD Treasury to RLUSD Treasury” or facilitated between two “unknown wallets.”
🚨🚨🚨🚨🚨🚨 4,000,000 #RLUSD transferred from unknown wallet to unknown wallet.https://t.co/bk00974SmZ— Ripple Stablecoin Tracker (@RL_Tracker) October 16, 2024
The largest transfer out of these six carried an astounding 18,000,000 RLUSD. Two smaller ones carried twice crypto less – 9,000,000 RLUSD each. One transfer moved 4,000,000 RLUSD, while the two smallest ones helped shovel 1,000,000 RLUSD each.
🚨🚨🚨🚨🚨🚨🚨 18,000,000 #RLUSD transferred from unknown wallet to unknown wallet.https://t.co/fl9tZzKwOf— Ripple Stablecoin Tracker (@RL_Tracker) October 15, 2024
The crypto community reacted enthusiastically, posting multiple comments under those tweets. Many praised XRP and Ripple and one X user stated that he expects one billion RLUSD to be minted soon.
Ripple CEO and Ripple President speak out on RLUSD
In a recent tweet, Ripple chief executive Brad Garlinghouse made a statement on RLUSD, while commenting on the start of the annual event Ripple Swell, where keynote figures in the crypto industry speak on stage in front of the audience of XRP lovers and the XRP army meets to exchange experience and share their ideas.
Garlinghouse reminded his readers on X that by now RLUSD has been almost a year in the making. He also said that after at Swell Ripple announced the crypto exchanges and market makers that will help RLUSD with liquidity, the CEO stated that “RLUSD is set to become the gold standard for enterprise-grade stablecoins” as it is built based on trust, liquidity, and compliance with the regulators.
Kicking off Ripple Swell with a bang! 
RLUSD has been nearly a year in the making, and with our trusted exchange partners, market makers, and advisory board, RLUSD is set to become the gold standard for enterprise-grade stablecoins—built on trust, liquidity, and compliance. https://t.co/fLPglsjkfI— Brad Garlinghouse (@bgarlinghouse) October 16, 2024
As for Ripple President Monica Long, she recently tweeted that RLUSD will be used alongside XRP on the Ripple network, which certainly pleased the XRP community.