XRP Stablecoin Supply Surges Past Avalanche Threshold

Key Summary

XRP Ledger's stablecoin supply rose 8% in a week to $1.31 billion, driven largely by Ripple's RLUSD, which accounts for 93% of the total supply. The increase leaves XRP just $74 million short of Avalanche's $1.39 billion in stablecoins, raising questions about the true demand for XRP.