XRP Ledger Gains Momentum Through Stablecoins
Stablecoin transfers on XRP Ledger surpass $5 billion as the RWA market continues to expand.
XRP Ledger is experiencing a notable increase in stablecoin-related activity. According to data from rwa.xyz, stablecoin transfer volume on the network reached $5.11 billion over the past 30 days, marking a 22.84% increase compared to the previous month.
One of the main drivers behind this growth is the Ondo Short-Term U.S. Government Bond Fund. Backed by U.S. Treasury securities, the fund has become the second-largest tokenized asset within the XRPL ecosystem, trailing only RLUSD. During the period analyzed, it generated approximately $259.6 million in transfer volume.
The scale of real-world assets (RWAs) connected to XRP Ledger is also expanding. Data from rwa.xyz shows that the network currently hosts around $3.66 billion in off-chain represented assets. By comparison, Stellar holds approximately $79.35 million in similar assets.
Some market observers believe that as XRPL’s infrastructure continues to evolve, a significant portion of these assets could move directly onto the network. Planned upgrades include confidential transactions, XLS-66 lending functionality, and the continued expansion of the RLUSD stablecoin.
XRPL is also standing out in terms of attracting new RWA capital. According to data from the RWA Foundation, the network recorded $1.9 billion in net new RWA assets over the past 90 days, excluding stablecoins. In comparison, Ethereum attracted $1.6 billion, while Stellar saw inflows of $1.4 billion.
Messari’s Q1 2026 report highlights the rapid growth of XRPL’s RWA sector, with the market value increasing by 124.1% quarter-over-quarter to reach $2.25 billion. Meanwhile, data from Evernorth indicates that the value of tokenized assets on the network climbed from $10 million to $400 million in roughly 15 months. For comparison, Ethereum required approximately 36 months to achieve a similar level of growth.
The latest figures suggest that XRP Ledger is emerging as one of the fastest-growing ecosystems for tokenized real-world assets, driven by strong stablecoin adoption and increasing institutional interest.
