XRP Ledger stablecoin liquidity tops $1 billion, RLUSD dominates with 98% share

The XRP Ledger’s stablecoin market reached a significant milestone in the third quarter as total stablecoin liquidity exceeded $1 billion for the first time, according to Blockworks Research’s latest quarterly review. Stablecoin supply on XRPL increased by 25.2% during the quarter, amounting to $1.03 billion, while total stablecoin transfer volume climbed 39.5%, reaching $14.09 billion. Nearly all of this expansion can be attributed to Ripple USD (RLUSD), which continues to see rapid adoption. The report noted that RLUSD supply rose 49.7% in the third quarter, bringing its total on XRPL to $1.01 billion by the end of September. This growth has pushed RLUSD’s share of the network’s stablecoin liquidity to 98.1%, leaving only a small fraction for alternative stablecoins.

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