RLUSD $2.7 BILLION. Ripple’s dollar stablecoin is approaching $2.7B in circulating supply. On the #XRPL roughly $884M is outstanding, up about 25% over the past week. There’s context behind that jump. The XRPL total is still around 24% below a month ago. This is a recovery from a sharp contraction, so the weekly increase alone doesn’t prove a sudden wave of new users. The practical uses are worth watching👇 Cross River announced $RLUSD integration into its banking platform, connecting blockchain payments with services such as ACH and wires. C2FO and Ripple also announced plans to settle supplier financing in RLUSD on the XRPL, helping businesses receive funds in seconds. That service has a waitlist, so its future payment volumes shouldn’t be counted as activity today. Neither announcement establishes what caused the latest supply increase. Together, though, they show where RLUSD is heading: banking, business payments and working capital. The next milestone is sustained use of those connections. That would give the growing supply a stronger commercial foundation🚀
MjB38 | Digital FinanceShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.