XRP Ledger Stablecoin Transfers Hit $5.25B Over 30 Days

Stablecoin activity on the XRP Ledger has accelerated, with 30-day transfer volume climbing past $5 billion. Data from RWA.xyz, which tracks tokenized real-world asset metrics, shows stablecoin transfers totaling $5.25 billion over the past 30 days, up 18.21% from the prior 30-day period. The pickup in on-chain stablecoin flows comes as XRP faces renewed selling pressure after holding onto part of its August rally, which saw the token rise about 30%. Even with the broader market cooling, XRP has remained above $1.35. RWA.xyz data also points to expanding participation in XRPL-based stablecoins. The number of stablecoin holders on the network increased 10.13% over the past month to 80,740. The overall stablecoin market on XRPL grew in tandem. Total stablecoin market capitalization rose 26.04% month over month to $1.10 billion, after moving above the $1 billion threshold last month. Tokenized asset activity on XRPL showed mixed momentum. Over the same 30-day window, the number of RWA holders increased 19.63% to 256, while distributed asset value slipped 5.51% to $458.39 million. Represented asset value eased 2.01% to $3.97 billion. RWA 30-day transfer volume fell 87.15% to $31.14 million. The drop in transfers may reflect investors holding tokenized assets on XRPL rather than moving them between wallets. Ripple's RLUSD has been the primary driver of XRPL stablecoin market growth. Ripple launched RLUSD in December 2024, and its footprint has continued to expand. Earlier this month, The Crypto Basic reported RLUSD surpassed a $2 billion market cap, with roughly $1 billion issued on the XRP Ledger. At the time of reporting, RLUSD's market value on XRPL was $1,033,001,741, up 26.86% over the past 30 days. RLUSD has also increased its share within XRPL's distributed RWA market. Its share rose 10% over the past month to 66.32%, underscoring that even as some tokenized-asset metrics soften, stablecoin usage led by RLUSD continues to expand across the XRP ecosystem. Disclaimer: This content is for informational purposes only and should not be considered financial advice. The views expressed may reflect the author's personal opinions and do not necessarily represent The Crypto Basic's position. Readers should conduct their own research before making investment decisions. The Crypto Basic is not responsible for any financial losses.