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XRPL stablecoin market cap falls below $1 billion after 13.19% weekly drop

XRPL stablecoin market cap falls below $1 billion after 13.19% weekly drop Image: CoinGape
Image via CoinGape.

DefiLlama 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

  1. DefiLlama data shows XRPL's total stablecoin market cap fell 13.19% in seven days to about $999.9 million.
  2. XRPL still ranks 12th globally by stablecoin supply despite the weekly contraction.
  3. 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

CoinGape Tier 2 First report
XRPL Stablecoin Market Cap Drops Below $1 Billion After 13% Weekly Decline
Blockonomi Tier 3
XRP (XRP) Price: XRPL Stablecoin Supply Drops 13% in One Week

Coverage timeline

  1. First reported by CoinGape
  2. Also reported by Blockonomi
  3. CryptoVideos brief published
How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error

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