Search results for VCTRADE
Crypto
Ripple mints 10 million more RLUSD as institutional demand grows
Ripple minted an additional 10 million RLUSD stablecoins on the XRP Ledger, blockchain media outlet U.Today reported on Aug. 17. The issuance was processed from the RLUSD issuer account and finalised on the ledger the same day, with a fee of 0.000405 XRP, according to XRPScan. RLUSD circulation stands at 1.711 billion tokens, CoinGecko data showed, with about $58 million in 24-hour volume.
Crypto
Japan\'s SBI VC Trade tops 2 million accounts as yen weakness drives growth
SBI VC Trade, a digital asset trading unit of Japan\'s SBI Holdings, has surpassed 2 million registered platform accounts. Account growth accelerated over about three months and includes its VCTRADE platform and the Bitpoint service. The company said demand from both individuals and institutions is rising, with a weaker yen encouraging corporate inflows and broader use of bitcoin and XRP. SBI is also expanding stablecoin and staking offerings and preparing a stablecoin lending service.
Crypto
RLUSD supply shifts as issuance moves to XRPL and redemptions rise on Ethereum
Ripple\'s stablecoin RLUSD has become most supplied on the XRP Ledger, overtaking Ethereum. The Crypto Basic reported RLUSD supply on XRPL at about $801.8 million versus about $793.1 million on Ethereum. The shift reflects rising issuance on XRPL and increased redemptions on Ethereum. Combined circulation is about $1.596 billion. The move coincides with Ripple\'s Japan launch of RLUSD following regulatory approval, with distribution planned via SBI Group and SBI VC Trade.
