Ripple received approval for a U.S. national trust bank, which will manage RLUSD’s reserves going forward.
In the 30 days through October 28, the total stablecoin supply fell by $4.98 billion: USDC was down $3.94 billion, USDT was down $1.88 billion, and USD1 shrank by 11.2%.
Over the same period, PYUSD was up 9.5% and RLUSD was up 4.3%; RLUSD alone rose 8.1% in the most recent week.
The total is shrinking, but not at all evenly.
In the 30 days through October 28, the total stablecoin supply fell by $4.98 billion: USDC was down $3.94 billion, USDT was down $1.88 billion, and USD1 shrank by 11.2%.
Over the same period, PYUSD was up 9.5% and RLUSD was up 4.3%; RLUSD alone rose 8.1% in the most recent week.
The total is shrinking, but not at all evenly.
