CryptoSlate: $1.34B in XRPL stablecoins does not reflect XRP demand
- —XRPL stablecoin balances hit $1.338 billion as of Oct. 7
- —XRP is required for fees (minimum 0.00001 XRP) and account reserves
- —XRP demand tracks transaction and account counts, not stablecoin volume
- —RLUSD circulation across all chains is $2.51 billion, reserves $2.63 billion
Why it matters: Investors should distinguish stablecoin growth on XRPL from actual XRP demand — they are different metrics.
Source: TokenPost