The $XRP ecosystem has reached a new milestone, with its total stablecoin value surpassing $1 billion for the first time since the $XRP Ledger (XRPL) launched.
This increase comes as the $XRP ecosystem benefits from growing interest in tokenization. Notably, more real-world assets are now being brought on-chain, and stablecoins have become an important part of the growth.
$XRP Ecosystem Sees Growth in Stablecoin Market
Data from RWA.xyz, a leading source for tokenized asset data, shows that the stablecoin market cap across the $XRP ecosystem has reached $1.02 billion at press time. The figure is up 6.84% over the past 30 days, meaning the market added about $65 million in stablecoin value during that period.
The number of stablecoin holders has seen more rapid growth. Specifically, stablecoin holders increased 37.18% over the past 30 days to 82,530, setting a new all-time high for the $XRP ecosystem. In total, the network gained more than 22,000 new stablecoin holders during the period.
This growth has also come with higher stablecoin activity. $XRP stablecoin transfer volume rose 20.56% over the past 30 days to $5.11 billion. This shows that users have been moving stablecoins more frequently as the number of holders continues to grow.
$XRP Ecosystem RWA Activity
Meanwhile, the broader real-world asset market has shown mixed results. Distributed asset value, excluding stablecoins, rose 0.08% over the past 30 days to $485.2 million. In contrast, represented asset value fell 0.27% during the same period to $4.05 billion.
In addition, RWA holders climbed 30.77% over the past 30 days to 238. Despite this rise, 30-day RWA transfer volume dropped 95.94% to $10.17 million. Essentially, the growth in the number of holders has not yet translated into higher RWA transaction activity.
$RLUSD Leads $XRP’s Stablecoin Market
The strong rise in the stablecoin market cap has largely come from the growth of Ripple’s $RLUSD stablecoin. $RLUSD now holds $975.5 million of the $XRP ecosystem’s $1.02 billion stablecoin market cap, giving it more than 95% of the total market.
$RLUSD also holds a 17.52% share of the $XRP ecosystem’s total tokenized market, valued at $5.5 billion. When considering just distributed asset value, $RLUSD accounts for 64.06% of the total.
The Brazilian Real stablecoin BBRL from Braza Group ranks second in terms of largest stablecoins within the $XRP ecosystem, with $22.4 million in value. Braza Group’s USDB stablecoin follows closely in third place at $22.3 million. EUR CoinVertible (EURCV) ranks fourth with $11.656 million, while USDC ranks fifth with $4.965 million.