XRP Ledger Stablecoin Market Cap Surges Past $1 Billion

The XRP Ledger (XRPL), which uses XRP as its native token, has seen a significant increase in stablecoin market capitalization over the past 30 days. According to metrics from RWA.xyz, XRPL's stablecoin market cap surged by 21.40% to $1.09 billion on September 7.

The growth is largely driven by an increase in stablecoin holders, which rose by 33.61% to 80,690 at the time of publication. Additionally, the network's 30-day transfer volume for stablecoins reached $5.28 billion, a 23.87% jump.

The top stablecoins on XRPL are Ripple USD (RLUSD) and Braza USDB (USDB), with market caps of $1,028,940,435 and $25,961,065, respectively.