XRP Ledger Stablecoin Supply Rose 8% in a Week and Is $50 Million From Passing Avalanche
The stablecoin supply on the XRP Ledger, which supports XRP, increased by 8% in the week ending October 6, 2026, adding $100 million to reach $1.31 billion. This growth, driven by Ripple's RLUSD, brings the ledger close to surpassing Avalanche's $1.39 billion stablecoin supply. However, XRP's price remained relatively unchanged, trading at $1.51, as stablecoin supply growth does not necessarily correlate with XRP's market value.
How this was made
The 30-second read
Why it matters
Supply growth is largely a balance‑sheet move by Ripple, not a market‑driven demand shift, limiting immediate price relevance.
Market read
The data point is a modest, first‑time report of stablecoin supply growth on XRP Ledger, offering limited actionable insight for traders.
What to watch
Potential future integration of RLUSD into DeFi protocols on XRP could create hidden demand for XRP beyond fee usage.
Background
DefiLlama data tracks stablecoin supply across blockchains; RLUSD now accounts for ~93% of XRP Ledger's stablecoins.
Ticker impact
Stablecoin supply on the XRP Ledger rose 8% to $1.31 bn, driven mainly by Ripple's RLUSD issuance.
likely flat as the token price fell 0.6% despite higher stablecoin supply
Supply growth is dominated by a single issuer (RLUSD) and does not translate into higher demand for XRP itself.
Avalanche's stablecoin holdings remain flat at $1.39 bn, keeping it just ahead of XRP Ledger by $74 m.
likely unchanged as AVAX rose 2.5% this week unrelated to stablecoin levels
Stablecoin supply stability provides no new catalyst for AVAX price movement.
Market effects
Highlights growing use of on‑chain stablecoins on XRP Ledger, but limited broader crypto sector impact.
US‑based XRP traders may note supply growth; no clear regional effect.
Shows competition between XRP Ledger and Avalanche for stablecoin liquidity, but unlikely to shift global crypto flows.
Counterpoint
If RLUSD issuance accelerates, it could eventually boost XRP demand for fee payments, contrary to current flat price.
Key entities
- CompanyRipple
Issuer of RLUSD, the dominant stablecoin on the XRP Ledger.
- Data ProviderDefiLlama
Tracks on‑chain stablecoin metrics used as the source for the reported figures.
