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SYSTEM PROCESSING...
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SYSTEM PROCESSING...
Posted: 2025-04-25 03:10:06 UTC
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
Status
Last Updated
2025-04-25 03:10:38 UTC
Verified By
Rollup News
39,000,000 RLUSD was burned on XRP Ledger and minted on Ethereum, likely due to Ripple shuffling inventory to react to demand, coinciding with major ETH DeFi protocol listings of RLUSD. Inventory is sent to B2C2 Group, a UK-based crypto liquidity provider acquired by SBI holdings, which handles institutional liquidity and OTC Trading/Derivatives for clients.
Ripple's RLUSD stablecoin activity.
Inventory transfers between XRP Ledger and Ethereum.
Involvement of B2C2 Group and SBI holdings.
Institutional liquidity and OTC trading.
Understanding the reasons behind the burn and mint of RLUSD.
Tracking inventory transfers between blockchains.
Identifying the role of institutional liquidity providers.