Ripple’s stablecoin Ripple USD (RLUSD) is making progress in its beta testing on Ethereum and the XRP Ledger (XRPL). Ripple issued 185 RLUSD at 21:38 UTC as part of its beta testing, causing a stir among community members. This marks the first time that Ripple has officially issued 185 RLUSD during its beta testing.
The transaction has raised questions about transaction fees and the role XRP will play in relation to RLUSD. Vet on the X social network responded that transaction fees are minimal and that the greater benefit RLUSD brings is in improving the XRPL ecosystem rather than speculating on prices. Another commenter expressed skepticism about the origins of the issuance, stating that anyone could do it. On-chain data shows that the transaction was made from the official account of the RLUSD issuer, confirming its legitimacy.
Ripple has disclosed that its corporate partners are responsible for conducting closed beta testing of RLUSD on the XRPL and Ethereum networks. According to the company, this testing phase is necessary to identify and resolve potential issues, ensure the reliability and security of the stablecoin. The company emphasized that RLUSD is still in the closed testing phase, and any claims that RLUSD is available to the public should be taken with skepticism.
Image: Coinpedia
