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RWA Crypto

XRPL Native Stablecoin Supply Rises 25.2% to $1.03B in Q3

XRPL’s native stablecoin supply grew 25.2% quarter-on-quarter to $1.03 billion in the third quarter, driven mainly by a 49.7% increase in RLUSD to $1.01 billion, which accounted for 98.1% of the total. Stablecoin transfer volume rose 39.5% to $14.09 billion, while the value of tokenized real-world assets on XRPL climbed 29.2% to $498.7 million. Global XRP ETP net inflows increased 39.6% to $355.3 million, lifting assets under management from $2.01 billion to $3.32 billion.

Original source

AI take

The striking detail is concentration: RLUSD now accounts for nearly all of XRPL's native stablecoin supply, so the ledger's stablecoin story is effectively a single-issuer story, and its durability depends on that issuer's traction rather than on broader multi-issuer competition. The parallel growth in transfer volume and tokenized RWA value suggests the stablecoin base is being used, not just held, which is the more meaningful signal for a payments-oriented chain. Whether RWA and ETP inflows keep pace with stablecoin expansion, or remain a smaller side current, is the open question.

Generated by AI for reference only.

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