Where has stablecoin money gone over the past 90 days?
USDT is down $5.2 billion, and USDC is down $900 million. Meanwhile, RLUSD has surged by $972 million to $2.57 billion—the fastest growth among major stablecoins.
It just received OCC approval for a trust bank charter, with its reserves under federal oversight. The money hasn’t left; it’s just moving into a more compliant wrapper.
USDT is down $5.2 billion, and USDC is down $900 million. Meanwhile, RLUSD has surged by $972 million to $2.57 billion—the fastest growth among major stablecoins.
It just received OCC approval for a trust bank charter, with its reserves under federal oversight. The money hasn’t left; it’s just moving into a more compliant wrapper.