XRPL Stablecoin Supply Hits $900M: Why RLUSD Isn't the Only Story
The XRP Ledger is witnessing a massive liquidity injection, with stablecoin supply surging to nearly $890 million—a 20.56% increase in just 30 days. While Ripple's RLUSD remains the heavyweight champion, the underlying data suggests a shifting landscape in how digital dollars are being issued on the network.
While RLUSD accounts for a staggering 94.9% of the total supply, the emergence of Valtorum's USDV, now at $39.3 million, highlights a growing trend of diversification. This breakout in XRPL stablecoin volume proves that the ledger is evolving into a multi-issuer ecosystem, reducing reliance on a single entity and fostering broader DeFi utility.
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, accounting for $844.58 million (94.9%) of the total. However, a second dollar token is reshaping the issuance landscape on the XRPL: Valtorum's USDV, which has now reached $39.3 million, signaling a shift in the network's competitive dynamics.
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