XRPL Stablecoin Market Cap Falls Below $1 Billion After 13% Weekly Drop
- —XRPL stablecoin market cap stands at $999.9 million, down 13.19% on the week
- —RLUSD supply on XRPL fell to about $907 million, a 14.39% weekly decline
- —Ripple burned $50.6 million RLUSD on XRPL and minted $38.6 million on Ethereum
- —XRPL remains the 12th-largest chain by stablecoin supply, ahead of Aptos
Why it matters: With one issuer controlling over 90% of supply, XRPL's stablecoin base is highly sensitive to Ripple's cross-chain rebalancing decisions.
Source: CoinGape