š„ Ripple Just Moved $40M in RLUSD to Gemini ā Is Something Big About to Drop? šØ
Ripple's stablecoin division just mintedĀ $40,000,000 in RLUSDĀ through two consecutive transactions from theĀ RLUSD Treasury. The destination? AĀ Gemini-linked walletāthe major U.S. exchange founded by the Winklevoss brothers.
That wallet now holds overĀ 98.3 million RLUSD, and naturally, theĀ $XRP communityĀ is asking questions.
š Transaction Breakdown
Two separate mints: 20M RLUSD each
Zero public announcementsĀ from Ripple
No transfers yetĀ to exchanges or retail wallets
Current RLUSD stats: $1.33B market cap | $110.7M daily volume | 1.33B total supply
ā³ Why the Timing Matters
In November, Ripple confirmed a partnership withĀ Mastercard, Gemini, and WebBankĀ to pilotĀ credit card settlements via RLUSDĀ on the XRP Ledger. That project was reportedlyĀ awaiting regulatory green lights.
No official explorer tags confirm this wallet is tied to that pilotābut theĀ size of the mintĀ and theĀ Gemini connectionĀ are hard to ignore.
šÆ The Takeaway
With nearlyĀ $100M in RLUSDĀ parked in one Gemini-linked address, this latestĀ $40M injectionĀ looks less like a test and more likeĀ strategic pre-deployment.
Something's brewing. š
