The XRP Ledger (XRPL) is seeing a sharp increase in stablecoin liquidity.Â
On-chain stablecoin supply has surged more than 22% over the past week, according to data from DefiLlama.Â
Community figure Xaif highlighted the data on x, showing XRPL’s stablecoin supply on XRPL has climbed to about $762 million. This makes it the 15th-largest blockchain by stablecoin supply. He said the growth suggests more liquidity is moving into the XRP Ledger ecosystem.
According to the data, stablecoin supply on XRPL increased by roughly $142 million in just seven days. The jump pushed the total on-chain stablecoin value of XRPL above $762 million. Ripple USD (RLUSD) accounted for the largest share of the network’s stablecoin market.
XRPL Outpaces Ethereum and Tron
XRP community member Diana also pointed to DefiLlama data showing XRPL outperformed some of the industry’s largest blockchain networks during the same period.
Over the past seven days, XRPL’s stablecoin supply grew by 22.87%. In comparison, Ethereum recorded a 2.05% decline, while Tron posted a 0.51% decrease.
The figures suggest stablecoin liquidity growth was concentrated on XRPL over the past week, rather than on the two leading stablecoin ecosystems.
Data also shows XRPL’s stablecoin liquidity has more than doubled over the past month. This points to accelerating adoption of stablecoin assets on the network.
RLUSD Leads the Growth
A dashboard shared by Xaif showed RLUSD maintaining its dollar peg at $0.9999. The stablecoin’s market capitalization reached approximately $1.68 billion.
RLUSD also recorded around $172 million in 24-hour trading volume. Its circulating supply stood at roughly 1.68 billion tokens.
The data showed the number of RLUSD holders approaching 9,000. RLUSD remained the largest stablecoin on XRPL, followed by XRP Ledger-issued USDT and other stablecoin assets.
Notably, XRP Ledger stablecoin supply grew 22% from roughly $624 million to around $762 million over the past week.
What It Could Mean for XRP
Growing stablecoin liquidity is often a sign of rising network activity. Stablecoins provide capital for trading, payments, decentralized finance, and tokenized asset transactions.
The latest influx of capital comes as Ripple continues to promote RLUSD and expand XRPL’s role in payments and tokenization.
Meanwhile, stablecoin growth does not automatically translate into XRP price gains. However, rising liquidity can strengthen the ecosystem and increase demand for network services that use XRP.
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