Ripple’s RLUSD Stablecoin on Tron (TRX): Surprising Statement by Justin Sun

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As a seasoned analyst with over two decades of experience in the dynamic world of finance and technology, I find myself intrigued by the latest developments in the cryptocurrency landscape. The potential collaboration between Ripple and Tron, if indeed true, could be a game-changer for both parties involved.

Justin Sun, founder of Tron (TRX) and owner of BitTorrent, has suggested that a RLUSD release on the Tron network may occur soon. The Tron community is eagerly waiting for the asset to become active today, December 4, 2024, after receiving long-awaited approval from New York regulators.

RLUSD stablecoin by Ripple coming to Tron (TRX)? XRP army excited by Justin Sun’s tweet

Ripple USD, a new dollar-backed stablecoin from American fintech company Ripple, could potentially be used on the Tron network, as suggested by Tron’s founder Justin Sun in a somewhat playful manner on his Twitter account, where he boasts 3.7 million followers.

When $XRP RLUSD on Tron $TRX

— H.E. Justin Sun 🍌 (@justinsuntron) December 4, 2024

This fascinating communication sparked enthusiasm among the dedicated followers of XRP, who are known for their fervor within the world of cryptocurrencies. Primarily, they expressed approval towards the potential integration and acknowledged that both XRP and TRX have experienced significant growth in the past few days.

Moreover, there’s speculation among crypto supporters as to whether RLUSD (Rai Stablecoin USD) might likewise become available on TON, a blockchain that has gained considerable popularity in recent times.

Previously reported by U.Today, Tron (TRX) unexpectedly relinquished its position as the blockchain with the highest issuance of Tether’s USDT stablecoins.

Following approximately 2.5 years at the top, it was unseated by Ethereum (ETH). A successful launch of RLUSD could see Tron (TRX) regain its position as the leading blockchain for stablecoins.

Ripple USD might go live today, 10 million RLUSD minted on XRPL

Contrary to Tether’s recent announcement, the primary cryptocurrency of Tron (TRX) reached a new record high in value today. Within a 24-hour period, its price skyrocketed by more than 80%. According to CoinGecko, Tron’s TRX is currently the top-performing asset on the market.

On December 4, 2024, Ripple is about to debut its own stablecoin today, and it’s anticipated that NYDFS approval will be granted imminently. In readiness for this launch, Ripple has minted approximately 10 million units of the stablecoin on the XRP Ledger blockchain.

XRPScan explorer says that the transaction occurred on block (“ledger”) number 92,505,016.

Over the past seven days, the value of XRP digital currency has surged by an impressive 80%. It broke through a six-year record and reached a fresh local pinnacle, peaking at approximately $2.78.

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2024-12-04 17:11