The ethereum:0x8292bb45bf1ee4d140127049757c2e0ff06317ed monthly independent attestation for July is now live! Some late-summer highlights…
1/ RLUSD crossed $2B this month, with over $1B issued on the XRP Ledger alone. Not even two years in, we’re very excited about what’s ahead. Market cap isn’t everything, but some milestones are worth celebrating (this one especially) 🚀
2/ Ripple made strategic investments in ZILO and Licuido to expand digital capital markets infrastructure on the XRP Ledger, with ethereum:0x8292bb45bf1ee4d140127049757c2e0ff06317ed serving as the regulated cash leg for transactions involving tokenized assets.
3/
@Bybit_Official launched Phase 2 of its RLUSD Hold & Earn program after surpassing $50M in assets under custody in just 11 days.
4/ Ripple joined
@ClearpoolFin and
@CicadaCredit to bring institutional lending to the XRP Ledger, using RLUSD as the credit asset for loans to fintechs, payments companies and other businesses.
5/ Ripple,
@MCSocialVenture,
@BlockBima and
@Fortunecreditld put ethereum:0x8292bb45bf1ee4d140127049757c2e0ff06317ed to work in Kenya, helping small businesses access insurance and credit faster and more efficiently. TL;DR: a 97% reduction in settlement time, at 3,000x lower cost. Real-world utility in action. 🌍
Check out all previous reports here: