XRPL has been bucking the trend. While stablecoins across platforms have been contracting, they’ve been growing on the ledger. RLUSD outstanding is up 39% since May 20, to $934M. Across platforms, there are about 6% fewer stablecoins in circulation than in May when things peaked, roughly $20B less. All this per our analysis of ledger data last week. And on XRPL, it’s moving. In the past 30 days: ~$450M issued on XRP, ~$450M redeemed. Ethereum: $403M issued, $177M redeemed. This content is for informational purposes only and does not constitute investment advice. This content may contain forward-looking statements that involve risks and uncertainties; actual results may differ materially. Digital assets involve risk, including potential loss of principal. Learn more about Evernorth:

🙌🏻Nara has secured a $500K pre-seed investment from @yzilabs! The investment follows our graduation from @EASYResidency Season 4 in Bhutan, where we pitched Nara to @cz_binance some of the most seasoned investors in the space, and the King of Bhutan on Demo Day. Thank you to @yzilabs and @EASYResidency for the investment, the mentorship, and the platform to build in one of the most exciting rooms in the digital assets space right now. And special thanks to @ellazhang516 for your guidance throughout all of this, your insights and tutelage has been invaluable. We're building yield-bearing PayFi infrastructure, backed by real payment & receivables flows, launching publicly this September. 🇧🇹🚀 Read more 👉🏻

RLUSD crossed $2B in market cap last week, with close to $1B issued on the XRP Ledger. 📶 Live since December 2024, built for real-world utility and designed for enterprise use cases. $RLUSD is just getting started:

Institutional lending on the XRP Ledger is becoming concrete with @cicadacredit and @ClearpoolFin. Using XLS-66 (Lending) and XLS-65 (Single Asset Vault), the flow describes how these institutions are approaching the XRP Ledger. More info below on how they see the flywheel effect supporting XRP DeFi.