Sky Confirms RLUSD Joins Stablecoin FX Layer, $600M Processed - Cryptonews.net

Sky has confirmed that Ripple's RLUSD stablecoin is now integrated into its stablecoin foreign-exchange layer, with roughly $600 million in volume already processed through the system. The move adds another regulated, dollar-pegged asset to a settlement layer designed to move value between stablecoins without relying on traditional banking rails.

For markets, the significance lies less in the dollar figure than in the direction of travel. Stablecoin infrastructure is increasingly being built as shared plumbing rather than walled gardens, and interoperability between issuers can reduce friction and cost in cross-border transfers. Sky's endorsement also signals that established DeFi players are willing to route activity through RLUSD, giving the token a practical use case beyond trading pairs.

What to watch: whether processed volume grows steadily or reflects one-off flows, and whether other issuers follow with similar integrations. Adoption by settlement layers is a more durable gauge of stablecoin utility than headline minting figures, though it remains distinct from broader regulatory clarity.