South Korea launches a $900B blockchain bond pilot as XRP Ledger stablecoin provide reaches $980M, led by RLUSD development.
South Korea’s push towards blockchain finance gained recent consideration because the nation moved ahead with a bond pilot tied to a market price about $900 billion.
On the similar time, Ripple’s XRP Ledger continued increasing its stablecoin footprint, bringing whole provide near the $1 billion mark.
New on chain information confirmed regular development throughout the community, whereas market individuals tracked modifications in liquidity and adoption. The most recent updates spotlight two separate developments shaping the crypto sector.
XRP Ledger Stablecoin Provide Climbs Towards $1 Billion
BSC Information shared on X that the XRP Ledger’s stablecoin provide elevated by greater than 5% over the previous week. The replace positioned the community’s whole stablecoin worth at about $980 million.
XRP Ledger closes in on stablecoin dominance.@Ripple’s $XRPL has seen a +5% surge in its stablecoin provide this previous week, reaching a complete of $980M, simply inches from the unicorn milestone.
Regardless of this, $XRP Ledger’s TVL stays very low for a community of its stature, standing… pic.twitter.com/mjHB59ApgK
— BSCN (@BSCNews) July 19, 2026
Stay information from DefiLlama supported these figures in the course of the time of reporting. The dashboard confirmed whole XRPL stablecoin market capitalization at $980.33 million, with a weekly improve of roughly $47.4 million.
Ripple USD (RLUSD) remained the most important stablecoin on the community. It accounted for about 90% of the overall provide, whereas USDV ranked second after recording quicker weekly development.
The most recent figures lengthen a pattern that has developed all through 2026. Earlier this yr, XRPL briefly moved above the $1 billion degree earlier than returning to a spread between roughly $760 million and $980 million.
Ripple RLUSD Progress Outpaces Ethereum Provide
RLUSD has continued shifting towards the XRP Ledger throughout current months. Earlier in 2026, a bigger share of the stablecoin circulated on Ethereum.
Current market information confirmed that greater than half of RLUSD’s circulating provide now sits on XRPL. That change makes the XRP Ledger the stablecoin’s major blockchain by provide.
Buying and selling exercise has additionally elevated. Experiences monitoring RLUSD recorded greater than $2.5 billion in buying and selling quantity via XRPL pairs for the reason that stablecoin launched in 2025.
Regardless of that enlargement, decentralized finance exercise stays restricted.
DefiLlama positioned XRPL’s whole worth locked at about $32.8 million in the course of the time of reporting, creating a large hole between stablecoin provide and capital deployed into DeFi protocols.
Learn Additionally:
South Korea Plans Authorized Framework for RWAs and Stablecoins in Digital Asset Act
XRP Worth Holds Regular as South Korea Advances Blockchain Bond Pilot
On the time of writing, XRP was at $1.09 on CoinMarketCap. Market capitalized at round $68.4 billion, the cryptocurrency was the sixth largest by market cap.
Each day buying and selling quantity noticed $611 million, and circulating provide was close to 62.46 billion XRP.
Different market trackers reported comparable figures, with small variations attributable to information assortment timing.
Away from value motion, South Korea continued increasing blockchain adoption via a pilot tied to its bond market.
The initiative targets a monetary market valued at roughly $900 billion, reflecting wider institutional curiosity in blockchain infrastructure.
Collectively, the blockchain pilot and XRPL’s stablecoin development illustrate separate developments throughout public and institutional crypto markets.
Buyers proceed monitoring each adoption tendencies and on chain exercise because the sector evolves.