Ripple launches institutional RLUSD platform as transfer volume drops 25%

Ripple launched an institutional minting platform for its RLUSD stablecoin and integrated it into Notabene's compliance network. While the number of RLUSD holders continued to grow, monthly transfer volume fell 25% to $10.95 billion. The divergence between holder growth and declining transfer activity presents a mixed picture for the project's institutional ambitions.