XRP ledger stablecoin supply surged 14.6% to US$1.33 billion

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关键洞察

XRP Ledger（XRPL）稳定币供应量在七天内增长了 14.56%。RLUSD 约占 XRPL 稳定币总市值的 93%。在链排名中，XRPL 正逐渐逼近 Plasma 和 Avalanche。

XRP Ledger 本周稳定币流动性急剧扩张

XRP Ledger 在本周记录了稳定币流动性的显著扩张。DefiLlama 数据显示，截至 10 月 3 日，其稳定币市值已达到约 13.3 亿美元。这一增长使 XRPL 在区块链稳定币排名中更接近 Plasma 和 Avalanche。这种扩张巩固了 XRPL 在争夺美元计价区块链流动性网络中的地位。Ripple USD（RLUSD）推动了大部分增长，而较小的稳定币在网络中的份额依然有限。

XRP Ledger 稳定币供应在七天内攀升 14.6%

DefiLlama 数据显示，过去七天内 XRPL 上的稳定币供应量增加了 14.56%。在此期间，该网络增加了约 1.69 亿美元的稳定币价值。XRPL 稳定币供应图表 | 来源：DefiLlama

这使得 XRPL 接近 Plasma，后者持有约 13.6 亿美元的稳定币。根据同一数据集，Avalanche 略高，约为 13.9 亿美元。这些数字将 XRPL 置于 DefiLlama 链排名的这两个网络之后。缩小这些差距将使 XRPL 在稳定币榜单上进一步上升。DefiLlama 数据显示，更广泛的稳定币市场规模超过 3060 亿美元。因此，尽管近期有每周增长，XRPL 仍仅占稳定币总市值的不到 1%。

XRP Ledger's growth is mainly concentrated in Ripple USD

DefiLlama data shows that Ripple USD (RLUSD) dominates stablecoin liquidity on XRPL. In recent data readings, RLUSD accounted for approximately 93% of the network stablecoin's market value. After seven days of growth, its market value on XRPL reached approximately US$1.24 billion, an increase of approximately 16%. Valtorum USD ranks second with a market value of approximately US$73 million. USD Coin has a smaller position on the ledger, at approximately $5 million. This concentration means that most of XRPL's stablecoin expansion is closely tied to Ripple's dollar-backed tokens.

Across all supported chains, DefiLlama's valuation of RLUSD is close to US$2.51 billion. This leaves its allocation to XRPL close to half of its total circulation value. Ripple said RLUSD is designed to maintain a constant value of one dollar. The company stated that segregated reserves of cash and cash equivalents fully support the token. Ripple's file also shows that RLUSD runs natively on multiple networks. These networks include Ethereum, Base, Optimism, Ink, Unichain, and XRPL EVM sidechains.

The multi-chain structure means that the total liquidity of RLUSD is different from the supply it holds specifically on XRPL. DefiLlama's chain data isolates the part attributed to the network.

XRPL infrastructure natively supports the issuance of stablecoins

官方协议文档指出，稳定币使用原生发行的代币基础设施。用户在接收和持有这些资产之前，需要建立与发行商的信任线。这种结构不同于那些为每个代币部署单独智能合约的区块链。XRPL 还支持内置的去中心化交易所用于已发行的资产。官方网络数据显示，该账本已连续运行超过 14 年无中断。它还报告称拥有超过 800 万个资金账户，转移金额超过 1 万亿美元。该网络的交易结算时间在 3 到 5 秒之间。其网站引用的典型交易费用为 0.000011 XRP。

Messari 分析师记录 RLUSD 在 XRPL 上的快速增长

Messari 研究分析师 Matt Kreiser 此前记录了 RLUSD 在 XRPL 上的快速增长。他的第一季度报告显示，RLUSD 达到 3.403 亿美元，环比增长 45%。Messari 还报道称，第一季度 XRPL 的平均每日交易量环比增长 35.3%，达到每天 248 万笔交易。这一早期基础显示了稳定币足迹在 2026 年迅速扩大的程度。然而，仅凭稳定币供应量并不能确立去中心化金融活动的同等增长。

XRP Ledger 的排名取决于进一步的稳定币增长

Despite the latest increase, XRPL still lags behind Plasma and Avalanche. DefiLlama reported that in the latest snapshot, Plasma's near-stablecoin market value was US$1.36 billion and Avalanche's value was US$1.39 billion. Relative to XRPL's weekly inflows, the gap with these two networks remains narrow. However, rankings may change as stablecoins move across chains or issuers expand circulation.

XRP itself was trading close to $1.48 on October 3, according to CoinMarketCap data. The token fell by about 1% in 24 hours, but remained high for 30 days. This divergence suggests that the growth of stablecoins did not directly translate into an immediate increase in XRP prices. The market value of stablecoins measures the supply of tokens on the chain, rather than the demand for XRP itself.

The next verifiable indicator is whether the market value of the XRPL stablecoin will surpass that of Plasma and Avalanche. DefiLlama's chain dashboard will show whether the current inflow continues or reverses.

This article is for reference only and does not constitute financial or investment advice. As network conditions evolve, stablecoin supply, blockchain activity and market data may change.