Ripple Releases 185 RLUSD During Private Beta Testing
During the beta testing, Ripple issued 185 RLUSD at 21:38 UTC, marking the first official issuance from Ripple. Questions were raised about transaction fees and the role of XRP in relation to RLUSD.
RLUSD Treasury
Vet emphasized minimal transaction fees and the focus on enhancing the XRPL ecosystem rather than price speculation. A commenter expressed skepticism about the legitimacy of the issuance, but on-chain data confirmed that the transaction came from the official RLUSD issuer account.
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Ripple highlighted that its enterprise partners are conducting private beta testing of RLUSD on the XRPL and Ethereum mainnet to ensure its reliability and security. They cautioned that RLUSD is still in its private testing stage and urged skepticism towards claims of RLUSD being publicly available.
Pieces of Advise and Warning to Users
Prominent figures in the XRP community, including Vet and WrathofKahneman, advised users to remain vigilant, warning about potential exploitation by bad actors. They stressed the significance of understanding trustline mechanics and reiterated that RLUSD has not been released for public use despite setting up a trustline.
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