Rippledestroyed several batches of the Ripple USD (RLUSD) stablecoin after a momentous week. The Ripple Stablecoin Tracker account on the X platform announced that Ripple has conducted four consecutive burns totaling 470 million RLUSD through the RLUSD Treasury. These transactions include two batches of 115 fixedcoins and two batches of 120 stablecoin Contains.
Users are advised to be careful
Since the beginning of August, Ripple has been testing its new stablecoin, which is pegged to the US dollar and backed by cash and cash equivalents. In its statement to the XRP community, the company said: RLUSDHe reminded that it is still in private beta phase. For this reason, it was emphasized that users should be careful during the testing phase. To avoid confusion, Ripple stated that RLUSD is not yet open for purchases.
This burn comes after Ripple issued approximately 50 million RLUSD over the past week. The company executed multiple transactions, including one transaction involving 10 million RLUSD and several batches of approximately 6 million each. These steps come just after Ripple warned its community about potential scams related to the RLUSD project in beta.
