XRPL Validator Vet Says RLUSD Minting Does Not Drive XRP Price
Gemini minted 150 million RLUSD on the XRP Ledger (Ripple-linked blockchain), but XRPL validator Vet said the issuance does not create direct buying pressure for XRP.
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Terms & Concepts
XRPL: XRP Ledger, a blockchain network associated with XRP and used for token issuance and payments.
RLUSD: A stablecoin token issued on the XRP Ledger, designed to maintain a value pegged to the U.S. dollar.
Liquidity on-ramp: A mechanism that helps users or institutions move funds into a market or ecosystem more easily.