XRPL stablecoins surge to $900M, but the breakout trend is not RLUSD
Stablecoin supply on the XRP Ledger has climbed to nearly $890 million, up 20.56% over the past 30 days. Ripple's RLUSD explains almost all of that size, and a second dollar token is reshaping who issues XRPL's dollars: Valtorum's USDV, now at $39.3 million. RLUSD accounts for $844.58 million of that total (94.9%), USDV holds […] The post XRPL stablecoins su...
Key takeaways
- 1XRPL stablecoin supply reached $890 million, up 20.56% in 30 days, with RLUSD at $844.6 million (94.9% of total).
- 2Valtorum's USDV launched at $39.3 million, giving XRPL a second dollar issuer and testing multi-issuer settlement capabilities.
- 3RLUSD on XRPL grew 15.58% to $844.6M while Ethereum RLUSD fell 26.61%, shifting Ripple's stablecoin concentration toward XRPL.
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Why it matters
XRPL's stablecoin growth and multi-issuer emergence could position it as a settlement alternative to Ethereum, relevant for Indian institutional investors tracking blockchain payment infrastructure and Ripple's ecosystem expansion. However, low trading volume ($3.98M daily) and pending USDV attestations suggest adoption remains nascent despite supply growth.
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