Yahoo Crypto Market • October 6th 2026, 4:37 PM
XRP Ledger Stablecoin Supply Rose 8% in a Week and Is $50 Million From Passing Avalanche
Key Summary
XRP Ledger's stablecoin supply rose 8% in a week to $1.31 billion, driven largely by Ripple's RLUSD, which accounts for 93% of the total supply. The increase leaves XRP just $74 million short of Avalanche's $1.39 billion in stablecoins, raising questions about the true demand for XRP.
Please see our real time news feed on our Home Page
Key Takeaways
- XRP Ledger's stablecoin supply rose 8% in a week to $1.31 billion.
- Ripple's RLUSD accounts for 93% of the total stablecoin supply.
- The increase leaves XRP just $74 million short of Avalanche's $1.39 billion in stablecoins.
Market & Token Impact
- The growth in stablecoin supply raises questions about the true demand for XRP.
- Stablecoins are cryptocurrencies designed to maintain a steady value, typically equal to one U.S. dollar, backed by reserves like cash or short-term government debt.
- A larger supply suggests more funds are ready to be used, but DefiLlama counts tokens sitting idle in wallets the same as those actively traded.
Broader Context & What's Next
- Ripple's minting decisions may be driving the increase in stablecoin supply.
- Smaller networks can also show significant percentage growth from relatively modest dollar amounts.
- The division between XRP and stablecoin holders is evident in recent trends, with XRP's price falling by 0.6% despite the stablecoin supply surge.
#XRP#Stablecoin#Ripple