July saw several major developments for Ripple’s RLUSD stablecoin. The company integrated OpenUSD and secured approval from Japan’s Financial Services Agency to launch RLUSD through SBI VC Trade. The stablecoin was also listed on South Korea’s four largest exchanges, with its market capitalization reaching $1.6 billion on August 1. Ripple launched Ripple Mint, a platform for financial institutions, and made a strategic investment in Notabene to enhance regulated cross-border payments. Finally, the XRP Ledger surpassed 1.4 million transactions initiated by AI agents, highlighting growing interest in autonomous applications on this blockchain.
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