Stablecoin Transfer Volume Surpassed $5B
Specifically, data from RWA.xyz shows that stablecoin transfer volume reached $5.25 billion over the past 30 days. This represents an 18.21% increase from the figure recorded 30 days ago. The growth has come alongside the rising presence of $RLUSD, Ripple’s stablecoin, on the $XRP Ledger.
In addition, the number of stablecoin holders on the $XRP Ledger has also increased. Over the past 30 days, stablecoin holders grew 10.13% to 80,740. This indicates that the network is now witnessing growing participation in the stablecoin market amid increasing adoption.
The stablecoin market itself has also expanded during the same period. Its market capitalization rose 26.04% over the past month to $1.10 billion, after crossing the $1 billion mark just last month.
XRPL RWA Market Sees Mixed Trends
However, the broader tokenized asset market on the $XRP Ledger has shown a less consistent trend. Notably, RWA holders rose 19.63% in the past 30 days to 256, but distributed asset value fell 5.51% during the same period to $458.39 million. Represented asset value also declined 2.01% to $3.97 billion.
In addition, RWA 30-day transfer volume dropped 87.15% over the last month to $31.14 million. However, the decline does not automatically indicate weaker demand. Investors may simply be keeping their tokenized assets on the $XRP Ledger instead of moving them between wallets.
$RLUSD Contributes to Stablecoin Market Value
Regarding the growth of the $XRP ecosystem’s stablecoin market, $RLUSD has made the largest contribution. Ripple launched the stablecoin in December 2024, and its market presence has continued to expand since then.
Earlier this month, The Crypto Basic confirmed that $RLUSD had crossed a $2 billion market cap, with about $1 billion issued on the $XRP Ledger. At press time, $RLUSD’s market value on the $XRP Ledger stood at exactly $1,033,001,741. This represents a 26.86% increase in its XRPL-based valuation over the past 30 days.
$RLUSD has also strengthened its position within the $XRP Ledger’s distributed RWA market. Its share increased 10% over the past month to 66.32% at press time. This confirms that while some areas of the tokenized asset market have slowed, stablecoin activity, led by $RLUSD, continues to grow across the $XRP ecosystem.
