On July 23, Ripple announced fresh moves to boost adoption of its RLUSD stablecoin among institutional players.
Despite a 26% drop in monthly transfer volume shown by on-chain data, Ripple remains committed to expanding RLUSD's reach.
The company introduced two new initiatives aimed at attracting institutions, signaling confidence in RLUSD's long-term potential.
While transaction activity has slowed recently, RLUSD continues to onboard new users and broaden its presence across several blockchain networks.
Ripple's strategy reflects a focus on strengthening RLUSD's role in the institutional market, even as overall transfer volumes dip.
