XRP Ledger Stablecoin Transfer Value Reached $14.09 Billion in Q3 2026

The XRP Ledger’s stablecoin supply passed $1 billion for the first time in Q3 2026, with Ripple USD making up nearly all measured liquidity as transfer value climbed 39.5%. The figures add a ledger-wide supply total and transfer measure to the picture of stablecoin activity on XRPL.

The supply increased 25.2% to $1.03 billion during the quarter. RLUSD rose 49.7% to $1.01 billion and represented 98.1% of the ledger’s stablecoin liquidity. That share means the aggregate was concentrated in one token, and RLUSD’s growth outpaced the total increase.

Stablecoin transfer value reached $14.09 billion in Q3. Supply and transfer value describe different measures: the first is the stablecoin amount on the ledger, while the second reflects value transferred during the quarter. The transfer figure does not identify how many distinct users were active or how much activity came from recurring commercial settlements.

The Q3 figures add a ledger-wide supply total and transfer value to the RLUSD issuance milestone on the XRP Ledger.

XRPL transactions require fees in XRP, and accounts must hold XRP reserves. But growth in stablecoin activity does not prove users bought XRP in proportion to that activity.