With little fanfare, @Ripple's $RLUSD stablecoin has surpassed $500M in total circulating supply. RLUSD has grown by 63% since June and has quickly lept into the top 20 stablecoins in terms of total supply. It also processed over $1.8B of trading volume in June. RLUSD is pegged 1:1 to USD and is fully backed by dollar deposits and short-term U.S. Treasuries, with @BNYglobal acting as the primary custodian. Interestingly, Ripple introduced a clawback mechanism back in January which enables RLUSD to be frozen or retrieved from user wallets under certain conditions, enabling a path towards meeting new regulatory requirements. h/t @artemis