The XRP Ledger has continued to record strong growth in its stablecoin ecosystem, with the network’s total stablecoin market capitalization reaching $907 million.
The expansion has been largely driven by Ripple’s RLUSD stablecoin, which now accounts for more than 84% of the stablecoin value on the network. As tokenization and blockchain-based financial products gain momentum globally, the XRPL is approaching the significant $1 billion stablecoin market cap milestone.
XRP Ledger Stablecoin Market Grows From $277M to $907M
The XRP Ledger stablecoin market has expanded considerably since the beginning of 2026. Data indicates that the network’s stablecoin capitalization has increased from approximately $277 million on January 1 to $907 million today. This represents a gain of more than $630 million within a relatively short period.
The growth reflects increasing adoption of stablecoins on the network as users seek blockchain-based alternatives for payments, settlements, and tokenized asset transactions. XRPL entered the stablecoin competition later than several major blockchain ecosystems, but recent figures suggest that activity is accelerating rapidly.
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RLUSD Accounts for 84.1% of XRPL Stablecoin Value
A significant portion of the network’s growth has come from RLUSD, Ripple’s stablecoin issued on XRPL. At the start of the year, RLUSD had a market capitalization of approximately $235 million, representing about 84% of the network’s total stablecoin market value.
Today, RLUSD has grown to approximately $763 million on XRPL. This gives the stablecoin an 84.1% share of the network’s total stablecoin market capitalization. The increase represents roughly $528 million in additional value since the beginning of the year.
Other Stablecoins Contribute to Network Expansion
While RLUSD remains the largest stablecoin on the network, other issuers have also contributed to the expansion of the XRP Ledger ecosystem. USDB, a stablecoin issued by Brazilian financial group Braza, has increased from approximately $34 million at the beginning of the year to around $115 million today.
This growth has positioned USDB as the second-largest stablecoin operating on the network. The increase demonstrates growing diversification within the ecosystem as multiple issuers seek to establish a presence on the XRPL.
USDC Declines as XRP Ledger Ecosystem Evolves
Not all stablecoins on the XRPL have experienced growth during 2026. USDC, which launched on the network last year, has seen a decline in its XRPL-based valuation over recent months.
At the beginning of the year, USDC held approximately $9.3 million in value on the network. Current figures place that amount at roughly $5.6 million, reflecting a decrease despite the overall expansion of the stablecoin market.
Also Read: XRP Ledger Stablecoin Supply Jumps 22% as Liquidity Hits $762M Milestone
