$4.28B Stablecoin Transfer Volume Surge on XRP Ledger as RLUSD Dominance Grows

The XRP Ledger has seen a significant increase in stablecoin activity, with a 10.8% rise in transfer volume over the past 30 days to $4.28 billion.

This surge suggests that more people and businesses are actively using the network for fund transfers, which can improve liquidity across the ecosystem and support decentralized finance applications.

The stablecoin market on the XRP Ledger has also grown, with a 12.27% increase in total market capitalization over the same period to $926.11 million.

$RLUSD remains the dominant stablecoin on the network, holding a 94% share of the entire stablecoin market, which has a total supply of around $1.58 billion.

Ripple's strategy of burning $RLUSD on Ethereum and minting it on the XRP Ledger has led to the latter overtaking Ethereum in $RLUSD supply last month.