XRPL ranks third globally as stablecoin inflows reach $58.3 million in one week

XRP Ledger (XRPL) secured third place worldwide among blockchain platforms by weekly stablecoin capitalization growth, according to the latest official report from the RWA Foundation based on Token Terminal data. The report indicated that, over a recent seven-day period, XRPL-based stablecoins recorded a net capital inflow of $58.3 million. This quick turnaround came after a significant setback: by October 22, the stablecoin capitalization on XRPL had fallen by 13.19% week-over-week to approximately $999.9 million. This earlier decline was attributed to Ripple transferring part of its RLUSD stablecoin supply to Ethereum .

Source: CoinTurk News