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Morning Edition · Monday, July 6, 2026

Stablecoin Supply on the XRP Ledger Nears $890 Million, and a Challenger to RLUSD Emerges

Dollar tokens on the XRP Ledger have risen more than 20% in a month, driven mostly by Ripple's RLUSD, while a smaller issuer's USDV points to a broadening set of on-chain dollar providers.

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Stablecoin Supply on the XRP Ledger Nears $890 Million, and a Challenger to RLUSD Emerges

Stablecoin supply on the XRP Ledger has climbed to nearly $890 million, up about 20.6% over the past 30 days, according to CryptoSlate. Ripple's RLUSD accounts for the large majority of that total, but the report argues the more telling dev…

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Part of a tracked trend

Race to Bank and Distribute Stablecoin Reserves

Over 3-6 months, established financial and payments firms compete to custody stablecoin reserves and embed stablecoin rails into cross-border settlement, institutionalizing the plumbing beneath stablecoins.

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