XRP Ecosystem Crosses $1B in Stablecoin Value for First Time in History

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 $XRPecosystembenefits 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.

$XRP Ecosystem Sees Growth in Stablecoin Market

Data from RWA.xyz, a leadingap 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 hasseenmorerapid 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 alsocome withhigherstablecoin 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.

$XRP Ecosystem RWA Activity

Meanwhile, the broaderreal-world asset markethas 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.

$RLUSD Leads $XRP’s Stablecoin Market

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.

$RLUSD also holds a 17.52% share of the$XRPecosystem’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 secondin terms oflargest stablecoinswithinthe $XRP ecosystem, with $22.4 million in value.Braza Group’s USDB stablecoinfollows closely inthirdplaceat $22.3 million.EUR CoinVertible (EURCV) ranks fourth with $11.656 million, while USDC ranks fifth with $4.965 million.

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