The supply of stablecoins is on XRP Ledger (XRPL) has gradually grown over the past months, surpassing the $1 billion mark for the first time earlier this week.
XRPL stablecoin supply rose from 683.1 million in April 2026 to an all-time high (ATH) of around $1.1 billion in May, according to Data from Artemiswhich Feinbold analyzed on May 27. As such, stablecoin supply on the XRP Ledger has increased by more than 61% on a monthly basis.
Ripple USD (RLUSD), backed by Ripple Labs, holds the lion’s share. Over the past seven days, the RLUSD supply on the XRPL Ledger has risen approximately 47% to $696,663,412 at press time, based on Metrics from rwa.xyz.
Another notable XRPL stablecoin is the Ondo Short-Term US Government Bond Fund (OSG), which had a market cap of $294,023,824 at press time. Meanwhile, Braza (USDB) has a bid of approximately $104,281,912, up 6% over the past seven days.
Why is the XRP Ledger seeing steady growth in stablecoin supply?
The remarkable growth in stablecoin supply on the XRP Ledger can be directly attributed to the efforts of Ripple Labs. Furthermore, Ripple Labs has ranked XRPL as the best blockchain for cross-border payments through dozens of strategic partnerships and acquisitions.
As institutional investors increasingly seek stablecoins, driven by regulatory clarity in the US, XRPL has benefited from its time-tested uptime since its inception. It is worth noting that XRPL recently underwent a network upgrade, which may improve its stability and efficiency in the long term, Finbold said. He explained.
XRP Ledger has also benefited from the Genius Act, legislation that created the first federal regulatory framework for stablecoins, helping more institutions seamlessly launch USD tokens.
