XRP Ecosystem Stablecoin Market Surpasses $1 Billion for First Time

The XRP ecosystem has reached a new milestone, with its total stablecoin value surpassing $1 billion for the first time since the XRP Ledger (XRPL) launched.

This increase comes as the XRP ecosystem benefits from growing interest in tokenization. Notably, more real-world assets are now being brought on-chain, and stablecoins have become an important part of the growth.

Data from RWA.xyz, a leading source for tokenized asset data, shows that the stablecoin market cap across the XRP ecosystem has reached $1.02 billion at press time. The figure is up 6.84% over the past 30 days, meaning the market added about $65 million in stablecoin value during that period.

The number of stablecoin holders has seen more rapid growth. Specifically, stablecoin holders increased 37.18% over the past 30 days to 82,530, setting a new all-time high for the XRP ecosystem. In total, the network gained more than 22,000 new stablecoin holders during the period.

This growth has also come with higher stablecoin activity. XRP stablecoin transfer volume rose 20.56% over the past 30 days to $5.11 billion. This shows that users have been moving stablecoins more frequently as the number of holders continues to grow.

Meanwhile, the broader real-world asset market has shown mixed results. Distributed asset value, excluding stablecoins, rose 0.08% over the past 30 days to $485.2 million. In contrast, represented asset value fell 0.27% during the same period to $4.05 billion.

In addition, RWA holders climbed 30.77% over the past 30 days to 238. Despite this rise, 30-day RWA transfer volume dropped 95.94% to $10.17 million. Essentially, the growth in the number of holders has not yet translated into higher RWA transaction activity.

The strong rise in the stablecoin market cap has largely come from the growth of Ripple’s RLUSD stablecoin. RLUSD now holds $975.5 million of the XRP ecosystem’s $1.02 billion stablecoin market cap, giving it more than 95% of the total market.

RLUSD also holds a 17.52% share of the XRP ecosystem’s total tokenized market, valued at $5.5 billion. When considering just distributed asset value, RLUSD accounts for 64.06% of the total.

The Brazilian Real stablecoin BBRL from Braza Group ranks second in terms of largest stablecoins within the XRP ecosystem, with $22.4 million in value.Braza Group’s USDB stablecoin follows closely in third place at $22.3 million. EUR CoinVertible (EURCV) ranks fourth with $11.656 million, while USDC ranks fifth with $4.965 million.