Ripple is deepening its partnerships with BNY, C2CO, and Robinhood to expand RLUSD’s institutional use cases, including invoice financing, instant supplier payments, asset custody, and treasury operations. BNY will add custody for XRP and RLUSD along with direct minting and burning functionality, while Robinhood will connect RLUSD with Ripple Prime and Ripple Treasury. More than $200 million in RLUSD was minted in October, pushing its market capitalization to a record $2.59 billion. Transactions on the XRP Ledger are now approaching 80 million, while XRP derivatives cool with open interest below its 180-day average.
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