Ripple USD (RLUSD) transfers on the XRP Ledger totaled $20.1 billion in October, Token Relations said, roughly nine times January’s $2.2 billion, without showing how many people used the stablecoin.
The readings measure value transferred in two separate calendar months. They do not show whether the activity prompted purchases of XRP (XRP), the ledger’s native token.
An earlier review of stablecoin holdings on the XRP Ledger put the network’s balance at $1.03 billion at the end of the third quarter, including $1.01 billion in RLUSD. That balance is a snapshot of value held at quarter-end; the October tally adds up value transferred during the month.
Cross River Bank said Oct. 15 that fintech clients could access RLUSD through one API in its Core Operating System. The bank said availability was limited to certain states and described faster settlement as a goal of the integration. Further capabilities remained in development.
