USDC and RLUSD Lead Enterprise Stablecoins on XRPL

Enterprise stablecoins are expanding on the XRP Ledger (XRPL) with six fully backed, regulated tokens now live. Market analyst ChartNerd highlights XRPL as a fast, compliant venue for digital fiat and cross-border payments. RLUSD leads the list. Ripple’s USD-backed stablecoin is fully backed by U.S. dollar reserves and was independently verified by Deloitte to confirm a 1:1 peg. Another major entrant is USDC, issued by Circle. The article positions USDC as a major liquidity driver and an institutional-trust stablecoin, second in market capitalization only to Tether (USDT). Additional XRPL stablecoins named include USDB (Braza Group), backed by a hybrid of U.S. and Brazilian government bonds; EUROP (Schuman Financial), described as the first euro-backed stablecoin on XRPL compliant with the EU’s MiCA framework; XSDG (StraitsX), a Singapore-dollar stablecoin regulated by the Monetary Authority of Singapore (MAS); and AUDD, an Australian-dollar token with a guaranteed 1:1 peg for XRPL-based AUD transfers. For payments infrastructure, SBI Ripple Asia and DSRV launched a joint research initiative to improve payment flows between Japan and South Korea, aiming for faster and more transparent settlement. Traders should note that the “USDC and RLUSD” theme here is about regulated issuance and liquidity expansion on XRPL, which can support more stable on-chain dollar rails for enterprise flows—potentially influencing stablecoin liquidity and rotation across exchanges. USDC and RLUSD also signal continued institutionalization of stablecoins on non-EVM rails.