News linked to both this project and an event.
According to Bitcoin.com News, Ripple’s stablecoin RLUSD reached a historical high of $2.442 billion in supply this week, up approximately 41% from $1.72 billion a month ago. Notably, the new supply has primarily flowed into Ethereum rather than the XRP Ledger. Ethereum currently holds $1.37 billion compared to the XRP Ledger’s $1.05 billion, marking a complete reversal from July when the XRP Ledger accounted for 58.9% of the total. Of the roughly $840 million in new supply added since July, Ethereum absorbed the vast majority.
Bitget Wallet has launched a Labor Day QR code payment campaign, running from April 28 to May 7, further driving the adoption of stablecoin payments in everyday consumption and travel scenarios across the Asia-Pacific (APAC) region. During the campaign, users who complete offline QR code payments using USDT or USDC will receive RLUSD cashback for each transaction. From May 1 to May 7, Bitget Wallet will randomly select one paying user per day to receive an additional 1,000 RLUSD cashback. To lower the barrier to first-time usage, Bitget Wallet will also airdrop XRP to eligible participants—serving as the account reserve required to activate RLUSD withdrawals. RLUSD is a compliant U.S. dollar-pegged stablecoin issued by Ripple and regulated by the New York State Department of Financial Services (NYDFS). This campaign marks Bitget Wallet’s first real-world consumer application following its integration of the XRP Ledger (XRPL) mainnet and onboarding of the RLUSD payment ecosystem at the end of March—and represents a key milestone in advancing Bitget Wallet’s Everyday Finance strategy.