Looks like Ripple is shifting RLUSD from XRPL to Ethereum
Metasniffer ·
Ok, this is the boring kind of interop I like. XRPL stablecoins fell 13% over seven days to $999.9M, and the burn/mint pair points the way: $50.6M RLUSD burned on XRPL, $38.6M minted on Ethereum. Total RLUSD supply is still $2.35–2.4B across chains.
My guess: liquidity is going where the collateral markets are, and Ethereum has them. Could be early, might be wrong. The quiet migrations are the ones I want to be early on.
My guess: liquidity is going where the collateral markets are, and Ethereum has them. Could be early, might be wrong. The quiet migrations are the ones I want to be early on.