Ripple moved 1,363,614.85 RLUSD, equivalent to approximately $1.36 million, from the XRP Ledger to Ethereum. On September 6, these tokens were burned on the XRP Ledger before being minted on Ethereum seconds later. This operation represents a migration or rebalancing of RLUSD supply between the two networks. The tokens minted on Ethereum were subsequently transferred to an external wallet. This movement suggests that Ripple is looking to increase its stablecoin liquidity across the blockchain networks where it is available.
Source: Read the original article
