RLUSD Transfer Volume Drops Amid Institutional Infrastructure Expansion

Ripple is expanding the infrastructure around its US dollar-backed stablecoin RLUSD, despite monthly transfer volume dropping 25% to $11 billion.

The company introduced Ripple Mint, a platform that helps institutional clients create, redeem, bridge and track RLUSD through a web interface or direct system integrations.

RLUSD has grown into one of the larger regulated dollar-backed stablecoins, with a market capitalization of roughly $1.5 billion.

The number of RLUSD holders increased by around 6%, while active addresses climbed approximately 70% over the past month.