XRP Ledger crosses $1 billion in stablecoin market cap

The XRP Ledger (XRPL), which uses XRP as its native token, has recorded a double-digit percentage increase over the past 30 days in its stablecoin market capitalization to over $1 billion on Monday.

The XRP Ledger’s stablecoin market cap was at $1.09 billion on September 7, according to metrics from RWA.xyz. Over the last 30 days, XRPL’s stablecoin market cap surged by 21.40%, up from approximately $898 million.

XRP Ledger stablecoin market. Source: RWA.xyz

The network’s stablecoin holders increased by 33.61% during this period to 80,690 at the time of publication. Meanwhile, the XRP Ledger saw its stablecoin 30-day transfer volume rise to $5.28 billion at the time of writing, or up 23.87%.

The top stablecoins on the XRPL are Ripple USD (RLUSD) and Braza USDB (USDB), with market caps of $1,028,940,435 and $25,961,065, respectively.

XRP Ledger activity spikes amid rising demand for its stablecoins

This notable surge in stablecoin transfers, users, and minting on the XRP Ledger has fueled a sharp uptick in the network’s activity. Specifically, XRPL’s active addresses 30-day Simple Moving Average (SMA) has rebounded from 14,247 on August 3, 2026, to around 16,960 at the time of reporting, as per data from CryptoQuant.

XRPL’s active addresses SMA 30. Source: CryptoQuant

As a result, the XRP Ledger saw a 19.04% increase in active addresses over the past 30 days, coinciding with a notable rise in stablecoin use.

XRP price performance

As XRPL’s on-chain activity increased over the past 30 days, partially fueled by renewed stablecoin demand, XRP price signaled a bullish outlook. Although XRP price is down more than 24% year-to-date (YTD), it has jumped by more than 34% over the past 30 days, trading at $1.40 at the time of publication.