XRP News Today: U.S. Stablecoins Supply Doubles to $67.5 Billion on Regulatory Clarity

U.S.-based stablecoins have seen a remarkable surge in adoption, with their supply more than doubling over the past year. This growth has brought the total supply to $67.5 billion, significantly narrowing the gap with offshore stablecoins, which still hold a dominant market share of $167.9 billion. The acceleration in U.S. stablecoin growth is attributed to clearer regulatory frameworks and renewed trust in U.S. issuers, which have spurred institutional demand.

Ripple’s XRP Ledger (XRPL) has also witnessed a significant influx of fiat-backed stablecoins, expanding its global reach and utility. The addition of stablecoins such as USDC, XSGD, EURØP, RLUSD, and USDB to the XRPL has broadened access to these digital assets across multiple regions, including North America, Asia, and Europe. These stablecoins serve both retail and institutional use cases, enhancing liquidity and providing region-specific functions. For instance, XSGD targets Southeast Asia and is backed by the Singapore dollar, while EURØP aims to reduce U.S. dollar reliance in Europe’s crypto transactions. USDB, backed by U.S. and Brazilian bonds, is designed for remittance and FX markets in Latin America.

The integration of USDC on the XRPL by Circle has enabled seamless and bridge-free access to stablecoins for global payments and decentralized finance (DeFi) applications. This move underscores the transition of stablecoins from a niche financial tool to a global infrastructure trend, embraced by industries and borders alike. The adoption of stablecoins is not limited to USDC; RLUSD, Ripple’s stablecoin, has also gained substantial traction on Bitstamp, one of the largest liquidity venues for XRP and RLUSD. The global interconnection of traders on Bitstamp and their interaction with the XRP community is driving significant activity on the XRPL.

The acquisition of Bitstamp by Robinhood for $200 million further highlights the growing importance of stablecoins and the XRPL. This deal has brought Robinhood over 50 crypto licenses worldwide, a massive institutional client base, and a new infrastructure for lending, staking, and “crypto as a service.” This expansion aims to turn Robinhood into a global crypto powerhouse, leveraging fully-fledged platforms like Bitstamp, which is one of the oldest exchanges in the crypto market’s history.

The surge in stablecoin adoption is also reflected in the increasing use of the XRPL for tokenization. Treasuries and commercial paper launches on the XRPL are gaining traction, further solidifying the ledger’s role in the global financial ecosystem. As Ripple continues to gain traction under the new regulatory landscape, the stage is set for accelerated adoption of blockchain-based payment infrastructure. The growing adoption of stablecoins on the XRPL represents a significant shift in the financial landscape, moving towards more efficient, transparent, and globally accessible financial systems. As more institutions and retail users embrace stablecoins, the XRPL is poised to play a pivotal role in shaping the future of global payments and DeFi applications.