Ripple’s RLUSD gets two boosts as transfer volume drops 25%
CoinDesk·
60-second summary
Ripple's RLUSD is gaining traction with two significant boosts: the launch of an institutional minting platform and integration into Notabene's compliance network. Meanwhile, transfer volume has dropped 25% to $10.95 billion. This growth in holder numbers despite declining volume suggests increasing institutional adoption and interest in RLUSD, potentially driving market demand and price stability.
Ripple launched an institutional minting platform and added RLUSD to Notabene’s compliance network as holder growth rose but monthly transfer volume fell to $10.95 billion.