The network is nearing the $1 billion mark in issued stablecoins, while total value locked on XRP Ledger stands at $33 million.
Stablecoin supply on XRP Ledger rose 5% to $980 million, putting the network close to the $1 billion threshold. The update also said XRP Ledger’s TVL (total value locked, or crypto deposited in protocols) stands at $33 million. The figures point to growing stablecoin activity on the network, while the gap between issued stablecoin supply and TVL suggests much of that value may sit in payments, treasury use, or other on-chain balances rather than in DeFi applications.