XRP Ledger Stablecoin Supply Jumps 14.6% to $1.33B
- —XRPL stablecoin supply rose 14.56% in seven days, adding roughly $169 million
- —RLUSD makes up about 93% of XRPL stablecoin capitalization at roughly $1.24 billion
- —Valtorum USD ranks second at about $73 million, while USD Coin holds only about $5 million
- —The broader stablecoin market exceeds $306 billion, leaving XRPL with under 1% share
Why it matters: Growing stablecoin liquidity strengthens XRPL's position in the race for dollar-denominated on-chain liquidity, though it has yet to lift the XRP price.
Source: The Coin Republic