XRP News Today: USDC Stablecoin Now Live on XRP Ledger Mainnet

Circle, the issuer of the USDC stablecoin, has announced that USDC is now live on the XRP Ledger (XRPL) mainnet. This development marks a significant expansion of USDC's reach, as XRPL becomes the 22nd blockchain to support the stablecoin directly. The integration of USDC on XRPL is part of Circle's ongoing efforts to broaden the utility and adoption of its stablecoin across multiple blockchain platforms.

With this launch, Circle is taking advantage of XRPL’s fast transaction speeds and strong security. This follows Circle’s recent move to bring USDC to the Worldcoin platform, a crypto project led by OpenAI CEO Sam Altman. USDC is currently the world’s second-largest stablecoin, with a market value of over $61 billion. It trails Tether’s USDT, which has a market value of more than $155 billion.

This integration will make it easier for developers to build stablecoin apps and services. It also removes the need for complex cross-chain solutions and offers direct access to a stable, dollar-backed digital currency. This launch also follows a major milestone for Circle: The company recently went public on the New York Stock Exchange under the symbol CRCL.

Other projects also join XRPL, adding more value and use cases to the network. In January, Ondo Finance launched its tokenized money market fund, OUSG, on XRPL. This makes it easier for users to subscribe and redeem using Ripple’s RLUSD stablecoin. Guggenheim Treasury Services has also announced its Digital Commercial Paper (DCP) platform, backed by U.S. Treasury bonds, on XRPL.

Ripple supports these developments with a $10 million investment, showing its support for boosting blockchain-based finance. At the Apex 2025 event, Ripple CTO David Schwartz shared that an Ethereum Virtual Machine (EVM) sidechain is coming to XRPL in Q2 2025. This sidechain will let developers run Ethereum smart contracts while benefiting from XRPL’s speed and low costs. Currently in testnet, the EVM sidechain is being built with evmOS by Ripple and Peersyst. It will link to XRPL through the Axelar bridge, using wrapped XRP as the gas token.

These new developments are expected to boost activity on XRPL, especially after a recent report showed a sharp slowdown on the platform. Since its launch in 2012, the XRP Ledger has become a key player in the blockchain world. It has processed over 3.3 billion transactions and is supported by a global community. This includes the XRPL Foundation, XRPL Labs, XRPL Commons, and Ripple.

Adding USDC and other recent developments shows that XRPL continues to evolve. It is quickly becoming a strong platform for building the future of digital finance. The launch of USDC on XRPL is expected to benefit developers, institutions, and users by providing access to the world's largest regulated stablecoin. This move is anticipated to enhance the utility and adoption of USDC, as it becomes available on a blockchain known for its speed, scalability, and low transaction costs. The XRP Ledger's capabilities are well-suited to support USDC's growing ecosystem, which includes a wide range of use cases such as payments, remittances, and business financing.

The addition of USDC to XRPL is a strategic move for Circle, as it aims to expand the stablecoin's reach and utility. By supporting USDC on XRPL, Circle is providing users with more options for transacting with the stablecoin, while also enhancing its interoperability with other blockchain platforms. This development is likely to attract more developers and institutions to the XRP Ledger, as they seek to leverage the benefits of USDC in their applications and services.

The integration of USDC on XRPL is also expected to have a positive impact on the broader stablecoin market. As the second-largest stablecoin by market cap, USDC's presence on XRPL is likely to drive more adoption and usage of stablecoins in general. This move is part of a broader trend in the stablecoin market, as issuers seek to expand the reach and utility of their stablecoins across multiple blockchain platforms.