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Ripple launches institutional OTC service as RLUSD surpasses 1 billion dollar thresholdRipple launches Ripple Prime, an institutional OTC brokerage in the United States, enabling margin financing and financial facilities for major digital assets. The market value of RLUSD exceeds 1 billion dollars, indicating strong institutional demand for stablecoin settlement solutions. Ripple's institutional focus increases credibility, but raises questions about the changing role of XRP on-chain and its long-term utility.

Ripple launches institutional OTC service as RLUSD surpasses 1 billion dollar threshold

Ripple launches Ripple Prime, an institutional OTC brokerage in the United States, enabling margin financing and financial facilities for major digital assets.
The market value of RLUSD exceeds 1 billion dollars, indicating strong institutional demand for stablecoin settlement solutions.
Ripple's institutional focus increases credibility, but raises questions about the changing role of XRP on-chain and its long-term utility.
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