- Ripple issued 185 RLUSD during beta testing, confirming the transaction’s legitimacy through on-chain data.
- RLUSD remains in private testing on XRPL and Ethereum, with minimal transaction fees highlighted by the community.
- Key figures advise caution, as RLUSD is not yet publicly available and remains in its developmental phase.
Ripple has taken a significant step forward by issuing 185 RLUSD, marking its first official issuance during beta testing. This move has sparked a lively discussion among community members.
Questions emerged regarding transaction fees and the role of XRP in relation to RLUSD. Vet, a prominent figure in the community, highlighted that the transaction fees are minimal. Moreover, he pointed out that the primary benefit of RLUSD lies in enhancing the XRPL ecosystem rather than price speculation.
Legitimacy and Testing Phase
Skepticism arose from some community members about the origins of the issuance. However, on-chain data confirmed the transaction’s legitimacy. The data revealed that the transaction originated from the official RLUSD issuer account.
Ripple has clarified that its enterprise partners are conducting the private beta testing of RLUSD on both the XRPL and the Ethereum mainnet. This testing phase is crucial for identifying potential issues, ensuring the stablecoin’s reliability and security.
Caution Advised Amid Excitement
The firm underscored that RLUSD remains in its private testing stage. Consequently, any claims of RLUSD’s public availability should be approached with caution. Amid the excitement surrounding RLUSD, key figures within the XRP community have previously advised users to remain vigilant. They stressed the importance of understanding the mechanics of trustlines and emphasized that RLUSD has not yet been released for public use.
Ripple’s recent RLUSD issuance has stirred interest and caution within the community. As the testing phase progresses, the focus remains on ensuring the stablecoin’s security and reliability. Community members are encouraged to stay informed and exercise caution as RLUSD continues in its developmental phase.
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