Ripple's RLUSD Shows Major Repositioning With Supply Moving From XRPL to Ethereum

RLUSD, Ripple's stablecoin, was the subject of a cross-chain movement of 1,363,614.85 units between XRPL and Ethereum on September 6. The tokens were burned on the XRP Ledger and equivalently minted on Ethereum seconds later, in what appears to be an issuer migration. The repositioning, valued at approximately $1.