XRP Ledger Stablecoin Supply Soars 15% as RLUSD Dominance Remains Intact

XRP Ledger's stablecoin supply surged to nearly $1.3 billion in the week ending October 3, with Ripple's RLUSD leading the growth at 93%. According to DefiLlama data, XRPL stablecoin capitalization reached $1.33 billion, an increase of 14.6% in seven days. This growth added approximately $169 million to the network, bringing it close to Avalanche and Plasma in the rankings of blockchains by stablecoin supply. RLUSD's dominance on XRPL remains intact, with the stablecoin accounting for 93% of the market value at the October 3 snapshot. The stablecoin's rise on XRPL has accelerated this year, with RLUSD's circulation surpassing $2.4 billion, backed by over $2.53 billion in reserves. Ripple's RLUSD is fully backed by segregated cash and cash-equivalent reserves, and is redeemable 1:1 for U.S. dollars. This growth indicates that XRPL is increasingly hosting dollar-denominated liquidity alongside its traditional XRP settlement activity. The connection between stablecoin adoption and XRP network usage is worth noting, but it does not necessarily mean that every additional dollar of RLUSD creates equivalent demand for XRP. As previously reported, RLUSD, FXRP, and native lending are expanding XRPL beyond payments, with the latest stablecoin numbers strengthening this shift.