The XRPL is gaining serious momentum in 2025 with the rollout of several major fiat-backed stablecoins, most notably USDC, now live on the network.
In addition to USDC, the ledger now supports $XSGD (Singapore Dollar), $EURØP (Euro-pegged stablecoin), $RLUSD, and $USDB, marking a significant expansion of its ecosystem aimed at attracting institutional users, developers, and fintech platforms across the globe.
This XRPL community sees a big step away from the financial world and into the space of digital assets with the launch of these financial tools on the XRPL network. It is our firm belief that the Ripple network is capable of supporting the innovation of the next level of finance.
The largest regulated stablecoin in the world, Circle’s USDC, is now live on the XRP Ledger. This is a big deal because USDC is well known for being transparent, for complying with regulations, and for having a nearly ubiquitous adoption in the fintech and DeFi world. With its latest step, USDC is now supported on 22 different blockchains, opening up the potential for a bunch of new financial use cases and payment pathways on XRPL.
When you bring USDC over, you’re not just adding a token. You’re adding utility for a lot of different kinds of users—developers, businesses, and institutions—right now, today.
Some of the core benefits we’re seeing already across the spectrum from businesses to institutions are the use of USDC on XRPL for enterprise B2B payments. That’s where we see institutions using USDC on XRPL for cross-border settlements and inter-company transfers. The kind of stuff that on-demand liquidity, for example, was designed to enable.”
– Monica Long, General Manager, Ripple
In decentralized finance, USDC can be deployed by market makers and liquidity providers to bootstrap trading pairs and real-time FX flows. This establishes deeper and more reliable liquidity across XRPL’s decentralized exchanges.
Financial infrastructure applications, including custodians, digital wallets, and fintech platforms, can integrate USDC on XRPL to enable faster settlements, enhanced transparency, and heightened capital efficiencies for the end user.
USDC’s inclusion on the XRP Ledger is taken to be a major incentive for institutions to adopt the XRP Ledger. Increasingly, developers and financial service companies are looking for the kind of dependable networks that can handle usable coins, especially stablecoins. As they do, the XRP Ledger seems to be acquiring a reputation as just that kind of network.
In addition to welcoming USDC, the XRP Ledger has seen the arrival of a number of other prominent fiat-backed stablecoins, like $XSGD, $EURØP, $RLUSD, and $USDB. Each of these assets brings with it some distinct geographic and functional flavor, allowing for a variety of transactions in the very efficient blockchain that is the XRP Ledger, all in the “favored” fiat currencies of the various user bases of these stablecoins.
The presence of $XSGD provides support for the expansion of the XRPL in Southeast Asia.
This region is distinguished by rapid fintech innovation and a banking sector that is mobile-first.
The addition of $EURØP, which is pegged to the Euro, is quite significant.
European institutions and user of the XRPL are now vibing with the digital euro initiatives and updated regulatory frameworks that are being explored across various European countries.
These stablecoins empower decentralized apps, tokenized assets, and payment solutions to offer currency-specific services that meet local financial needs. They ensure maintaining interoperability even as we build out these new financial solutions atop a global blockchain network.
Incorporating fiat-backed stablecoins into the XRPL marks a radical transformation from a payment-oriented ledger to a full-fledged financial infrastructure layer. The use of stablecoins on the XRPL could inject sufficient liquidity to allow for predictable, blockchain-scale settlements, which in turn could push Ripple to prioritize even more the assets that are capable of unlocking this kind of value—the XRP token for bridging and liquidity among fiat and blockchain currencies.
Now, developers have the flexibility to build financial applications using stablecoins that are regulated and natively supported. This invites the possibility of creating new products across payment, lending, FX, and other domains—all while being satisfyingly compliant with regulatory standards.
The XRPL now provides a robust platform for institutions to engage in scalable, transparent finance that encompasses both crypto-native and fiat-based value. With an ever-deepening integration with traditional financial infrastructure, and with powerful applications starting to use stablecoins, the XRP Ledger is establishing its viability as a competitive, future-facing option in the landscape of digital assets.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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