The XRP Ledger (XRPL) is emerging as a major platform for stablecoin settlement, especially in developing nations. Recent data from Dune Analytics highlights a surge in activity, particularly with stablecoins pegged to the Brazilian real (BRL) and the U.S. dollar (USD).
This increase is being driven by mass adoption and growing competition among tokens on the XRPL. In July, transaction volume for BRL-pegged stablecoins spiked, with BrazaBank's BBRL token seeing over $4.2 million minted in a single month. This growth has made BBRL the second-largest BRL stablecoin in circulation, a strong challenge to the long-dominant BRZ token from Transfero Group. The consistent new minting of BBRL indicates a growing demand for XRPL as a stablecoin issuer and settlement platform.
The trend isn't limited to BRL. The RLUSD token, a USD-pegged stablecoin from Tron, also saw its daily transaction count more than double from around 5,000 to 12,000 over the past few months. This growth demonstrates increasing confidence in XRPL's ability to handle large-scale stablecoin transactions and suggests the network is evolving into a global infrastructure layer for fiat-backed cryptocurrencies.
The rise of stablecoins on the XRPL is further fueled by institutional support. As more banks and fintech companies use stablecoins for payments and remittances, they are turning to the XRP Ledger for its reliable, low-cost settlement capabilities. This excitement points to a larger trend of how value will be transferred across borders, particularly in regions facing currency volatility, where stablecoins offer a more predictable alternative for saving and spending. Industry watchers believe this is just the beginning, with pilot projects for euro- and peso-backed assets already underway.
August 2025, Cryptoniteuae