XRPL stablecoin capitalization reached roughly $1.33 billion on Oct. 3, after increasing 14.6% in seven days, according to DefiLlama data. The network added approximately $169 million during
XRPL stablecoin capitalization reached roughly $1.33 billion on Oct. 3, after increasing 14.6% in seven days, according to DefiLlama data. The network added approximately $169 million during the period, bringing it close to Avalanche and Plasma in the rankings of blockchains by stablecoin supply.
The concentration is striking. Ripple’s RLUSD represented roughly 93% of all stablecoin value on XRPL, with about $1.24 billion located on the ledger at the Oct. 3 snapshot. The latest DefiLlama reading puts total XRPL stablecoin capitalization near $1.32 billion and RLUSD dominance at just over 93%, showing that the broader trend remains intact even as weekly figures fluctuate.
RLUSD Is Becoming XRPL’s Dollar Liquidity LayerRLUSD’s rise on XRPL has accelerated considerably this year. In June, the XRP Ledger overtook Ethereum as RLUSD’s largest network, when roughly $801 million of the stablecoin was held there.
That expansion has continued alongside RLUSD’s broader growth: RLUSD circulation surpassed $2.4 billion, backed by more than $2.53 billion in reserves. Ripple says the stablecoin is fully backed by segregated cash and cash-equivalent reserves and redeemable 1:1 for U.S. dollars.
What RLUSD Growth Actually Means for XRPThe distinction between Ripple, RLUSD and XRP matters. RLUSD is a Ripple-issued dollar stablecoin, while XRP remains the native asset of the XRP Ledger.
On XRPL, RLUSD uses the ledger’s native issued-token infrastructure. Accounts need trust lines to hold the stablecoin, while transactions settle through XRPL itself. Ripple documentation notes that creating an RLUSD trust line also requires an XRP account reserve.
That creates a connection between stablecoin adoption and XRP network usage, but it does not mean every additional dollar of RLUSD creates equivalent demand for XRP.
Coinpaper previously reported how RLUSD, FXRP and native lending are expanding XRPL beyond payments. The latest stablecoin numbers strengthen that shift: XRPL is increasingly hosting dollar-denominated liquidity alongside its traditional XRP settlement activity.
