RLUSD Transfer Volume on XRP Ledger Reached $20.1 Billion in October

Ripple USD (RLUSD) transfer volume on the XRP Ledger reached $20.1 billion in October, about nine times its $2.2 billion January reading.

The figures compare two calendar months. Transfer volume does not establish how many distinct people used RLUSD or whether the activity increased demand for XRP (XRP).

The October RLUSD tally does not establish a connection between transfer activity and XRP’s decline.

An earlier review of payments carrying the RLUSD currency code covered Sept. 19 through Oct. 18. Nearly all of those payments delivered less than one unit, and other issuers can use the same currency code. That study measured payment counts over a different period, so its findings cannot validate or be directly compared with the October transfer-volume figure.

More than $1 billion in RLUSD had been issued on the XRP Ledger by mid-October. Cross River announced a limited-state integration on Oct. 15 that gave fintech clients access to the stablecoin through its Core Operating System.