Institutional Liquidity

An investigative look at RLUSD’s $40M transfer via a Gemini-labelled address, what Evernorth–Doppler means for institutional XRP liquidity on the XRPL, and why debunked Amazon rumors still shift market perception.

Stablecoins are evolving from retail rails to institutional tokenized cash, forcing a new trade-off between on-chain transparency and counterparty privacy. This explainer compares USDC traceability, Brazil’s B3 planned stablecoin, and industry warnings to give compliance officers and product managers a practical framework.

Late‑2025 upgrades on Solana — Coinbase’s in‑app DEX, Bhutan’s gold token TER, and a State Street/Galaxy/Ondo on‑chain fund — redraw the map for tokenization, liquidity, custody, and UX. This guide assesses practical implications for product leaders and institutional allocators.