RLUSD
RLUSD Supply Increased by Nearly $1 Billion in 90 Days
The supply of the RLUSD stablecoin grew by approximately $972 million over 90 days, surpassing $2.5 billion, while the volumes of USDT and USDC decreased. Ripple also received final approval from the OCC to establish a trust bank to manage RLUSD reserves. However, the increase in issuance alone does not prove an increase in users or demand for XRP.
Ripple Receives Final Approval from OCC for National Trust Bank
Ripple has received final approval from the OCC to establish a national trust bank, allowing it to manage reserves for RLUSD and provide digital asset custody services.
Ripple USD RLUSD Expansion Covers Over 190 Countries
The Ripple USD stablecoin (RLUSD) expands its presence, covering over 190 countries and 80 currencies through TrustLinq.
Standard Chartered Launches Custodial Services for RLUSD
Standard Chartered implements institutional custodial support for the RLUSD stablecoin from Ripple on the XRP Ledger platform at its Dubai branch.
Ripple Treasury Issues 30 Million RLUSD
Ripple Treasury has increased the issuance of RLUSD by 30 million, with a total market capitalization reaching $2.53 billion.
Ripple issued 10 million RLUSD on XRP Ledger
Ripple added 10 million RLUSD to circulation on XRP Ledger, despite a decline in activity in September.