Skip to content
CryptoSlate· Liam 'Akiba' Wright·· 1d ago

RLUSD supply dropped 29% on XRPL, but XRP/RLUSD trading pool remained stable

Original source: CryptoSlateRead original
AI brief

XRPL's reported RLUSD supply fell 29% between Oct. 29 and Oct. 31, yet a sampled XRP/RLUSD trading pool showed XRP reserves slipping less than 1% and RLUSD reserves increasing slightly. NOSHASHI's ledger data from the same period found XRP balance down 0.67% and RLUSD up 0.36% in the pool. Funded asks selling RLUSD for XRP increased from 62,952.98 to 112,162.55 RLUSD over the period, while funded bids buying RLUSD with XRP remained below earlier levels. The contrast suggests XRP holders can still trade into RLUSD despite the supply contraction.

Source: CryptoSlate · cryptoslate.com