XRP Ledger Stablecoin Supply Jumps 14.6% to $1.33 Billion

The XRP Ledger's stablecoin supply has experienced significant growth, increasing by 14.56% to $1.33 billion over the past seven days.

The majority of this growth is attributed to Ripple USD (RLUSD), which accounts for roughly 93% of XRPL's stablecoin capitalization, reaching a market value of approximately $1.24 billion.

XRPL is closing the gap to Plasma and Avalanche in the blockchain stablecoin rankings, but still trails behind, with a stablecoin capitalization of $1.33 billion compared to $1.36 billion and $1.39 billion for Plasma and Avalanche, respectively.