Ripple’s RLUSD gets two boosts as transfer volume drops 25%
CoinDesk 2026-07-24 06:33:37
Context: Ripple, a prominent player in the cryptocurrency space, has announced two significant developments for its RLUSD stablecoin, amidst a notable decline in monthly transfer volume. The company launched an institutional minting platform and integrated RLUSD into Notabene's compliance network, a move that comes as the holder growth of RLUSD has been on the rise. However, the monthly transfer volume of RLUSD has dropped to $10.95 billion, representing a 25% decrease.
Key Facts
- Ripple launched an institutional minting platform for its RLUSD stablecoin, a development aimed at enhancing the usability and credibility of the digital asset for institutional users.
- The company added RLUSD to Notabene's compliance network, a move designed to improve regulatory compliance and oversight for transactions involving the stablecoin.
- Despite a 25% drop in monthly transfer volume, which has fallen to $10.95 billion, RLUSD has experienced an increase in holder growth, indicating a potentially positive trend in adoption and usage.