XRP Ledger Stablecoin Activity Sees Significant Growth Amid Price Struggles

The XRP Ledger has seen significant activity despite its struggling price performance. Stablecoin transfer volume on the network reached $4.32 billion over the past 30 days, a 10% increase from the previous month.

This growth is accompanied by a surge in stablecoin holders, with 82,110 accounts now holding these assets, representing a 36.7% rise since January.

However, despite this growth, the total value of stablecoins on the XRP Ledger has declined slightly over the past month, dropping 3.07% to $954.79 million.