Weekend News with MarkZ. 08/17/2024



Surprisingly dry on the RV news front after yesterday, Typhons, RoundUp, war, and China seems to be preparing for another …

25 Comments

  1. As Ripple (XRP)/BRICS and the pending RV are all interconnected, I offer the following for your consideration:

    Recent major activity regarding XRP: Ripple started beta-testing their new stablecoin (RLUSD) on the Ripple Ledger Mainnet the other day. They were load testing certain amounts of XRP at various 'fictional' prices. Here are a few examples of those transactions. Remember, $RLUSD is pegged 1:1 with USD, so for example let's say you sold 5 XRP and received 1,000 $RLUSD. That would put the value of 1 XRP @ $200. Big numbers ahead:

    1. One transaction 'sold' 5.89 XRP for 10,000 $RLUSD ($1,697.79 per XRP).

    2. Another transaction sold 5.89 XRP for 33,164.41 $RLUSD ($5,630.63 per XRP)

    3. Another sold 5 XRP for 294,117.65 $RLUSD ($58,823.53 per XRP)

    Ripple $RLUSD Issuer wallet set a Trust LImit of 10 Quadrillion in $RLUSD

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