TLDR:
- U.S.-based stablecoins doubled in supply, reaching $67.5B and closing in on offshore dominance.
- Ripple adds USDC, XSGD, EURØP, RLUSD, and USDB to XRPL, expanding global fiat-backed access.
- XRPL stablecoins now serve key markets across North America, Asia, Europe, and Latin America.
- Regulatory clarity and real-world utility are driving stablecoin momentum beyond speculative use.
Stablecoins are gaining fresh momentum as both U.S.-based issuers and global platforms like Ripple accelerate adoption.
While offshore tokens still lead in market share, American-backed stablecoins are closing in fast. Regulatory clarity and renewed trust in U.S. issuers appear to be fueling this surge.
Ripple’s XRP Ledger is also seeing an influx of fiat-backed coins, broadening access across multiple regions. The shift suggests a growing appetite for real-world blockchain use cases beyond speculative trading.
U.S. Stablecoins Outpace Offshore Growth
According to data shared by CryptoRank.io, U.S.-based stablecoins such as USDC and PYUSD have more than doubled in supply over the past year.
The combined total grew by 104%, reaching $67.5 billion. In contrast, offshore stablecoins like USDT, USDe, DAI, and USDS rose by 41%, yet still hold a dominant $167.9 billion in market share.
🇺🇸 Offshore stablecoins still dominate, but U.S. growth is accelerating
Over the past year, U.S.-based stablecoins like $USDC and $PYUSD have more than doubled in supply, growing +104% to $67.5B.
Meanwhile, non-U.S. stablecoins, led by $USDT, $USDe, $DAI, and $USDS, showed more… pic.twitter.com/GGLHim43CA
— CryptoRank.io (@CryptoRank_io) June 12, 2025
This surge reflects growing institutional demand, likely spurred by clearer regulatory frameworks in the U.S. Unlike in previous years, firms now appear more confident in engaging with dollar-backed digital assets.
This marks a pivotal change in the stablecoin narrative, once dominated by concerns over regulatory risk and centralization.
Ripple’s XRPL Attracts a New Class of Stablecoins
Ripple recently confirmed the launch of several fiat-backed stablecoins on its XRP Ledger.
The additions include USDC, XSGD, EURØP, RLUSD, and USDB, all intended to serve both retail and institutional use cases. These coins are expected to increase utility for users across North America, Asia, and Europe.
Each stablecoin offers a region-specific function while enhancing liquidity on XRPL. Ripple reported that RLUSD, its own U.S. dollar-backed asset, already achieved $500 million in volume during Q2.
The XRP token remains the native asset, covering transaction fees and enabling cross-border payments on the ledger.
Global Reach, Local Utility
The XRPL’s integration with USDC introduces regulated liquidity corridors for decentralized finance and enterprise payments. XSGD targets Southeast Asia, backed by the Singapore dollar and issued under local monetary authority regulation.
EURØP, tied to the euro, aims to reduce U.S. dollar reliance in Europe’s crypto transactions.
Meanwhile, USDB from Braza Group offers dual backing by U.S. and Brazilian bonds, targeting remittance and FX markets in Latin America. These regional launches showcase how Ripple is positioning the XRPL for practical, global financial solutions.
The growing role of stablecoins in blockchain ecosystems reflects more than just market size. Price stability and regulatory compliance are driving forces behind rising adoption.
