XRPL stablecoin market cap falls below $1 billion after 13.19% weekly drop
Image: CoinGapeDefiLlama data shows the XRP Ledger's total stablecoin market cap fell 13.19% in seven days to about $999.9 million. XRPL still ranks 12th globally by stablecoin supply. RLUSD makes up over 90% of that value and its XRPL market cap fell to around $907 million as of October 22, 2026. Ripple Treasury minted $38.6 million RLUSD on Ethereum and burned $50.6 million on XRPL. RLUSD's total supply across all chains remains between $2.35 billion and $2.4 billion.
Key points
- DefiLlama data shows XRPL's total stablecoin market cap fell 13.19% in seven days to about $999.9 million.
- XRPL still ranks 12th globally by stablecoin supply despite the weekly contraction.
- Ripple Treasury minted $38.6 million RLUSD on Ethereum and burned $50.6 million on XRPL.
Why it matters
RLUSD dominates XRPL stablecoin supply, so Ripple's mint and burn decisions directly move the ledger's stablecoin total. The weekly decline leaves XRPL stablecoin supply just below $1 billion while it remains 12th globally.
What's unclear
Whether XRPL stablecoin supply recovers to the $1 billion to $1.2 billion range remains unknown.
Whether new settlement integrations translate into measurable on-chain demand remains unknown.
Price context · XRP
At publication
$1.32
Now
$1.32
Change since
+0.00%
7 days · dashed line = publication
Sources · 2 publishers
Blockonomi
Tier 3
XRP (XRP) Price: XRPL Stablecoin Supply Drops 13% in One Week
Coverage timeline
- First reported by CoinGape
- Also reported by Blockonomi
- CryptoVideos brief published
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