XRP Ledger stablecoin market cap tops $1 billion

The XRP Ledger (XRPL), the blockchain that uses XRP as its native token, has pushed its stablecoin market capitalization above $1 billion, extending a strong month-long run. Data from RWA.xyz shows XRPL's stablecoin market cap reached $1.09 billion on September 7. That marks a 21.40% gain over the past 30 days from roughly $898 million. The number of stablecoin holders on the network also climbed sharply, rising 33.61% over the same period to 80,690 at the time of publication. Stablecoin transfer activity followed suit, with 30-day transfer volume increasing 23.87% to $5.28 billion. Ripple USD (RLUSD) and Braza USDB (USDB) remain the two largest stablecoins on XRPL, with market caps of $1,028,940,435 and $25,961,065, respectively. Network activity has picked up alongside the growth in stablecoin usage. CryptoQuant data shows the 30-day simple moving average (SMA) of active addresses rebounded from 14,247 on August 3, 2026, to about 16,960 at the time of reporting, translating to a 19.04% increase over the past 30 days. XRP has also strengthened during the period of rising on-chain activity. While the token is down more than 24% year-to-date, it has gained over 34% in the last 30 days and was trading at $1.40 at the time of publication. Continued demand for XRPL stablecoins could support expectations for a broader recovery in XRP's price. Featured image via Shutterstock