Avalanche
XRP Ledger Approaches Avalanche in Stablecoin Supply Following Weekly Surge
A 100-million-dollar increase brought the XRP Ledger's stablecoin reserves close to those hosted on the Avalanche network.
The value of stablecoins hosted on the XRP Ledger increased by approximately 8% in the week leading up to October 6, 2026, bringing the network's total to $1.31 billion after adding roughly $100 million in dollar-pegged assets, according to DefiLlama data.
The weekly growth moved the XRP Ledger to within $74 million of Avalanche, which held $1.39 billion in stablecoins in the 11th spot among blockchains. While stablecoin figures on Avalanche saw little change during the period, XRP traded at $1.51, down 0.6% for the week and roughly 49% over the past year.
The expansion on the XRP Ledger was driven primarily by Ripple's RLUSD, which represents roughly 93% of the network's stablecoin total at approximately $1.22 billion. Valtorum USD accounted for $73 million, while USDC represented around $5 million. In comparison, native token market capitalizations stood at approximately $95 billion for XRP and $5 billion for Avalanche's AVAX.
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