110 Automated Wallets Generate 99.6% of RLUSD Payments on XRP Ledger
A group of 110 automated wallets generated 99.6% of RLUSD payments on the XRP Ledger over 30 days, despite transferring only $7,722 of the stablecoin. According to NS3.AI, Bitquery counted approximately 7.79 million transactions from the wallets between Sept. 19 and Oct. 18, while identifying about 14,600 payments worth at least $1 that moved $7.33 billion during the same period.
Automated activity fell sharply shortly before Cross River Bank announced its RLUSD banking integration on Oct. 15, but blockchain records show no evidence linking the developments. Bitquery could not determine who operated the automated wallets, and the concentration of transactions complicates efforts to assess genuine adoption using payment counts.
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