Total stablecoin supply on the XRP Ledger has grown to roughly $890 million, a 20.56% increase over the past 30 days, reflecting rising demand for dollar-denominated tokens on the network. Ripple's RLUSD dominates the market, accounting for $844.58 million, or 94.9% of the total supply. However, attention is shifting to a newer entrant: Valtorum's USDV, which has reached $39.3 million. While RLUSD explains almost all of the overall size, USDV's growth signals a diversifying issuer base for XRPL's stablecoins. The emergence of a second notable dollar token suggests the ledger is attracting a broader range of stablecoin providers, potentially reshaping the competitive landscape. The trend highlights increasing activity and liquidity on the XRP Ledger, with implications for its role in stablecoin issuance and adoption going forward.
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