🚀 Stablecoins Flock to XRP Ledger: What’s the Tea?

by

So, you know how everyone’s been talking about stablecoins? Well, it turns out the XRP Ledger (XRPL) is becoming the cool kid on the block, attracting all the top stablecoins and making XRP the life of the party 🎉.

Ripple just spilled the beans on June 12 about how fiat-backed stablecoins are taking over the XRPL, and honestly, it’s a big deal. With its “compliance-first” architecture (yawn) and native asset XRP, XRPL is like the popular kid in school that everyone wants to be friends with.

Apparently, these developments show that XRPL is all grown up and ready to take on the world of tokenized financial products and cross-border settlement solutions. And, of course, XRP is the real MVP, making asset bridging and decentralized trading a breeze. Ripple said:

A bunch of new fiat-backed stablecoins just joined the XRPL party, including USDC, XSGD, EURØP, RLUSD, and USDB. This is huge for institutional adoption and XRP’s utility, which is still the native asset for liquidity and transaction fees across the XRPL.

So, let’s talk about these stablecoins. USDC is like the reliable best friend, providing a fully reserved dollar-pegged option for enterprise payments and DeFi. RLUSD is Ripple’s institutional-grade stablecoin, which just recorded $500 million in Q2 volume (casual). XSGD is like the cool cousin from Singapore, enabling regional transactions under Singapore’s regulatory framework. EURØP is the new kid from Europe, offering euro-denominated digital payments to reduce dependency on USD-based stablecoins. And USDB is like the adventurous one, backed by U.S. and Brazilian bonds and targeting high-performance FX and remittance activity.

Ripple also emphasized XRP’s importance in this ecosystem:

XRP is still the real hero, supporting stablecoin use cases by enabling efficient liquidity between assets, powering fast settlement, and serving as a bridge in cross-currency transactions—particularly across the XRPL’s built-in DEX.

The XRPL also has some other cool features like Permissioned Domains and Multi-Purpose Tokens, which make it even better at supporting regulated asset issuance and multi-currency applications. So, it looks like XRPL is becoming the go-to infrastructure layer for blockchain-based finance.

Read More

2025-06-15 06:28