Crypto Scenario Insights
What happened
Stablecoin supply on the XRP Ledger (XRPL) has surged to nearly $890 million, a 20.56% increase over 30 days, primarily due to Ripple's RLUSD.
What we think
The XRPL stablecoin supply has surged to nearly $900 million, led by RLUSD, with USDV emerging as a second issuer.
Read the analysis
XRPL Stablecoin Supply Growth: RLUSD Dominance Masks Broader Adoption Questions
We explain what happened and what could follow. We do not forecast prices.