XRP ledger stablecoin supply approaches US$1 billion, South Korea launches US$900 billion blockchain

South Korea launches a US$900 billion bond market blockchain pilot, and XRP ledger stablecoin supply approaches US$1 billion.

South Korea is accelerating the advancement of blockchain-based financial business, targeting its US$900 billion bond market. A pilot plan has been launched. At the same time, Ripple's XRP ledger (XRPL) is about to reach an important milestone: the total supply of stablecoins on the Internet has reached nearly US$1 billion, mainly due to the strong growth of Ripple Dollar (RLUSD) tokens.

XRPL stablecoin supply approaches US$1 billion

According to BSC News, the total stablecoin supply on the XRP ledger has increased by more than 5% in the past week to approximately US$980 million. Data from DefiLlama confirmed this figure, showing that the market value of the online stablecoin has reached US$980.33 million, an increase of approximately US$47.4 million in a single week.

The XRP ledger is gradually establishing the dominance of stablecoins, with the surge in supply putting it just one step away from the symbolic US$1 billion mark. Most of this growth is attributed to RLUSD, which dominates the market value of cyberstablecoins.

RLUSD remains the leading stablecoin on the XRP ledger, accounting for approximately 90% of total supply. After another wave of rapid growth, USDV ranks as the second largest token.

Since 2026, the supply of stablecoins in this network has fluctuated. XRPL briefly exceeded the US$1 billion threshold at the beginning of the year, and then stabilized in the range of US$760 million to US$980 million in recent months.

Dictionary: RLUSD (Ripple Dollar) is a dollar-backed stablecoin issued on XRP ledgers and Ethereum to support fast, low-cost transactions. The recent migration trend of this token has made XRPL the main platform for RLUSD circulation.

Network Data Overview

Network: XRP Ledger
Stabilizer Market Value: US$980 million
RLUSD Proportion: About 90%
Total Locked Volume (TVL): US$32.8 million

Network: Ethereum
Stabilizer Market Value: -
RLUSD Proportion: <50%
Total Locked Volume (TVL): -

RLUSD migration strengthens XRPL's dominance

Recent market data shows that more than half of RLUSD's circulating supply is currently on the XRP ledger. Until early 2026, the stablecoin was mainly issued on Ethereum, but migration activities changed this landscape, making XRPL the main blockchain for RLUSD by supply.

Since its launch in 2025, the cumulative trading volume of RLUSD trading pairs on XRPL has exceeded US$2.5 billion. However, compared with the growth in the supply of stablecoins, decentralized financial activity on the network remains sluggish. DefiLlama's dashboard shows that XRPL's total locked position is only US$32.8 million, far below its stablecoin circulation.

XRP price is stable, South Korea tests blockchain bonds

XRP is currently trading at $1.09, with a market capitalization of nearly $68.4 billion, ranking sixth among all cryptocurrencies. Daily trading volume was $611 million, with a circulating supply of approximately 62.46 billion XRP.

Meanwhile, South Korea's bond market pilot marks an important step in institutions adopting blockchain technology. The initiative aims to digitize an estimated $900 billion market infrastructure, reflecting the growing interest of financial institutions in blockchain technology. [TAG

Ripple was founded in 2012 and is a US-based technology company known for developing payment settlement solutions and maintaining XRP ledgers. XRP ledger is a decentralized blockchain designed for rapid asset transfers. South Korea's public sector blockchain plan and the expansion of Ripple Networks jointly highlight the simultaneous progress in the institutional and crypto-native fields.

These two developments are seen as signals of accelerated integration of blockchain in different financial sectors. As the industry matures, market analysts continue to focus on adoption trends, network growth and liquidity patterns.