XRP Ledger stablecoin supply jumps 22% in a week to $762 million

The network now ranks 15th by stablecoin supply after a sharp weekly increase, marking a notable expansion in tokenized dollar liquidity on the ledger.

XRP

Summary

XRP Ledger's stablecoin supply rose 22% over the past week to $762 million, lifting the network to 15th place by stablecoin supply. The move points to a fast increase in dollar-pegged token liquidity on the ledger, a metric often watched as a sign of growing payment, trading, or onchain settlement activity.

Terms & Concepts
  • stablecoin supply: Total value of stablecoins issued
  • XRP Ledger: Blockchain network associated with XRP
  • onchain settlement: Transactions finalized on a blockchain