to leave a comment.

▲ XRP
Stablecoin transactions are exploding on the XRP-based network, rapidly expanding its utility as a payment infrastructure.
According to crypto media outlet The Crypto Basic on April 11 (local time), the XRP Ledger's 30-day stablecoin transaction volume recorded a sharp increase, reaching $1.77 billion. This figure represents an increase of approximately 91% compared to the previous period, indicating a rapid expansion of fund movement within the network.
The stablecoin market size and the number of participants have also increased. The market capitalization of stablecoins within the XRP Ledger grew by 7.51% to $432.26 million, and the number of holders also increased by 7.99% to 56,830. This indicates a continuous expansion of network utility beyond simple transactions.
At the center of this growth is RLUSD. RLUSD recorded a volume of approximately $336.8 million, accounting for about 84% of the total market. Its dollar-backed reserve structure and accounting verification system, which have secured institutional trust, are cited as the background for its rapid spread.
Various stablecoins such as XSGD, EURØP, and USDC are being added to the XRP Ledger, rapidly expanding its payment ecosystem. This is regarded as a step towards building a multi-layered liquidity environment, moving away from a single asset-dependent structure.
The real-world asset tokenization market is also continuing its growth trend. The volume of tokenized assets on the XRP Ledger increased by 2.23% to $1.53 billion, showing stable expansion. However, transaction volume decreased, indicating a concentration of activity around stablecoins.
The XRP Ledger is rapidly evolving into a financial infrastructure that combines payments and asset tokenization, centered around stablecoins. The simultaneous surge in transaction volume and user expansion is strengthening its position as a global digital payment network.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
Newsletter
Get key news delivered to your email every morning
to leave a comment.