- USDC now runs directly on XRP Ledger, giving users faster stablecoin transfers and better payment access.
- Ripple’s RLUSD stablecoin sits far behind in adoption while USDC expands to 22 blockchains.
USDC, currently the second-largest stablecoin by market value, is now officially supported on the XRP Ledger mainnet. The announcement was made on June 12 and brings the regulated stablecoin directly to XRP Ledger’s Layer-1 blockchain, which has already processed over 3.3 billion transactions since its launch in 2012.
Circle Mint and Circle APIs now enable access to USDC on XRPL, offering participants the benefits of XRP Ledger’s fast processing and security. USDC’s market capitalization sits at $61 billion, trailing behind Tether (USDT), which leads the market with a total valuation of $155 billion, according to CoinGecko.
With this launch, users and institutions can now use XRPL to transact in USDC more easily. Supported by Circle’s infrastructure, this development is expected to bring more stablecoin liquidity to XRPL’s ecosystem.
USDC is now live on the XRP Ledger (@RippleXDev)!
With the launch of native @USDC on the XRPL, developers, institutions, and users gain the support of the world’s largest regulated stablecoin.
✅ Enterprise B2B payments: Use USDC for global money movement and improve capital… pic.twitter.com/WjXr7ui2Kp
— Circle (@circle) June 12, 2025
Expansion Brings Broader Financial Use Cases
By integrating with the XRPL, USDC now offers wider support for real-time global payments and remittances. Institutions and digital wallets can settle transactions more efficiently, while consumers gain smoother cross-border payment experiences. This change allows for practical use in areas such as decentralized trading and credit services.
Another key benefit is the ability to move between fiat and USDC with low-cost conversions, which supports improved onboarding experiences for new users. USDC now functions natively across 22 blockchain networks, making it one of the most widely supported regulated stablecoins in operation.
The XRP Ledger, known for its speed and low transaction fees, gives Circle’s dollar-pegged token a new channel for expanding usage in payment systems and decentralized finance. This is expected to appeal to developers and companies already working within the XRP Ledger environment.
Ripple’s $413M Stablecoin Lags Behind USDC
Ripple’s entry into the stablecoin market came last year with the release of RLUSD, its regulated dollar-pegged token. Despite competition from USDC, RLUSD holds a much smaller market cap, currently around $413 million. This puts Ripple’s stablecoin significantly behind in terms of adoption and market share.
Speculation around Ripple’s interest in acquiring Circle added more intrigue. Reports claimed a $5 billion offer was rejected, deemed too low by Circle. However, Circle denied the existence of acquisition discussions and maintained that no such informal talks were held.
As reported by CNF, Ripple CEO Brad Garlinghouse addressed the rumors directly, saying his company “definitely did not offer as much as $20 billion,” pushing back against false reports circulating online.
Circle’s recent initial public offering turned into one of the strongest market debuts in recent years. Ripple, on the other hand, has reiterated that it has no immediate plans for a public offering, and according to its leadership, most companies turn to IPOs primarily to raise funds. In Ripple’s case, financial resources are not a concern given its current standing.
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