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: