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Crypto

Ripple\'s RLUSD tops $1 billion in net inflows in three months, fastest-growing stablecoin

Ripple\'s stablecoin RLUSD logged more than $1 billion in net inflows over the past 90 days, making it the fastest-growing among major stablecoins, Decrypt reported. It was the only stablecoin to top $1 billion in three-month net inflows. Over the same period, USDC and Tether USDt recorded net outflows of $1.6 billion and $2.6 billion. RLUSD\'s market value and transfer volume rose, while its holder count and monthly active addresses declined.

Crypto

Ripple\'s RLUSD lists on Coinbase, opens access at top U.S. crypto exchange

Ripple’s dollar-pegged stablecoin RLUSD has been listed on Coinbase, the largest U.S. cryptocurrency exchange. Retail and institutional clients can trade and manage RLUSD across Coinbase Prime, the Coinbase exchange and the Coinbase retail app, with 1-for-1 conversions from U.S. dollars and supported dollar-denominated stablecoins. Coinbase also supports RLUSD deposits and withdrawals on XRP Ledger, Base and Ethereum. Ripple said RLUSD’s market value has risen to about $2.58 billion.

Crypto

Ripple mints 19.6 million more RLUSD; Standard Chartered starts custody

Ripple minted 19.6 million additional units of its dollar-pegged stablecoin RLUSD, bringing recent issuance to 38.6 million units, according to U.Today. Data cited by a Ripple stablecoin tracker showed 38.6 million RLUSD issued across five transactions and 50.6 million burned, for a net burn of 12 million. Issuance occurred on Ethereum while burns took place on the XRP Ledger. Standard Chartered said it has launched institutional custody for XRPL-issued RLUSD via its DIFC branch, regulated by the DFSA.