XRP Ecosystem Sees $5B in Stablecoin Transfer Volume Boost

The XRP ecosystem has seen significant growth in stablecoin transfer volume over the past month. According to data from RWA.xyz, more than $5 billion was transferred over the last 30 days, marking an 18.21% increase from the previous month.

This surge in activity is largely attributed to the growing presence of RLUSD, Ripple's stablecoin, on the XRP Ledger. The number of stablecoin holders has also increased by 10.13% over the same period, reaching 80,740.

The growth of the stablecoin market comes as XRP faces renewed selling pressure, but it remains above $1.35 after its 30% rally in August. RLUSD's market value on the XRP Ledger stands at exactly $1,033,001,741, representing a 26.86% increase over the past 30 days.