Update
Ripple USD Takes the Lead in DEX Volume Growth
Ripple’s RLUSD stablecoin has outpaced Ethena’s USDe in weekly decentralized exchange (DEX) volume growth, with RLUSD's DEX trading volume increasing by $127.4 million over the past week. RLUSD now leads with a $56 million advantage, while USDe, with a larger market cap of $4.97 billion, saw its DEX volume grow by $71.4 million. RLUSD is issued under the supervision of the New York State Department of Financial Services (NYDFS) and backed by cash and short-term U.S. Treasuries. The partnership between Ripple and Robinhood, as well as Coinbase's inclusion of RLUSD, are highlighted as recent developments.