No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Thursday, October 30, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Cryptocurrency

XRP Ledger Emerges as Global Settlement Layer for Stablecoins

by TheAdviserMagazine
3 months ago
in Cryptocurrency
Reading Time: 3 mins read
A A
XRP Ledger Emerges as Global Settlement Layer for Stablecoins
Share on FacebookShare on TwitterShare on LInkedIn


XRP Ledger is quickly becoming a major global settlement layer for stablecoin activity. According to a recent update from Dune, July saw significant growth in Brazilian real (BRL)-denominated stablecoins, especially those issued on the XRP Ledger.

BBRL Surges to Second Place as XRP Ledger Powers BRL Stablecoin Growth

Data from Dune Analytics shows that BrazaBank minted over $4.2 million worth of BBRL stablecoins in July. This surge makes BBRL the second-largest BRL stablecoin in circulation.

It is only behind the BRZ stablecoin, which is issued by Transfero Group. The increase in BBRL issuance is clearly visible in the chart, with a sharp jump in the pink bars representing BBRL activity.

BRZ remains dominant but has seen less month-over-month growth than BBRL in recent months. BRZ’s activity, shown in purple, experienced a spike earlier in the year but was surpassed in July by the rapid rise of BBRL.

The total minting of BRL-denominated stablecoins also jumped during the same period. This reflects growing interest in using XRP Ledger as a backbone for cross-border payments. It is also being used for settlements involving real-world assets.

RLUSD Transfers and BRL Token Competition Soar

Alongside the BBRL expansion, the tweet highlights another trend. The RLUSD, a stablecoin pegged to the U.S. dollars.

There was an increase in the number of RLUSD transfers per day to more than 12,000. The RLUSD is a stablecoin pegged to the U.S. dollar.

This is a significant increase compared to the 5,000 recorded a few months earlier. This means that adoption of the XRP Ledger has extended beyond BRL assets and even to dollar-denominated stable assets.

Dune also stated that XRP Ledger is becoming an increasingly important infrastructure layer for stablecoins, especially in the emergent markets. The data indicates that activity involving transaction volumes and minting rose sharply on the ledger.

The availability of various BRL tokens (BBRL, BRL1, BRLA and cREAL) indicates there is competition in the Brazilian stablecoin market. But BBRL has substantially improved in performance based on its July figures.

Once there is further adoption by financial institutions such as BrazaBank, XRP Ledger will continue to be an established and secure platform to transact with fiat-backed vehicles. This trend can grow further since more people are adopting stablecoins all over the world.

✓ Share:

Paul

Paul Adedoyin is a crypto journalist with 4+ years experience who provides timely news, in-depth research, and insightful content to inform and empower his audience. His works have been featured on sites such as CryptoMode, CryptoNewsFlash among others.
He holds a degree in Geophysics from OAU, Nigeria. When he’s not writing, he loves watching soccer and reading educative journals.
He can be reached via [email protected]

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.



Source link

Tags: emergesGlobalLayerLedgersettlementStablecoinsXRP
ShareTweetShare
Previous Post

Increasingly popular buffered ETFs offer downside protection

Next Post

Meta to share AI infrastructure costs via $2 billion asset sale

Related Posts

edit post
Japan’s Biggest Card Firm Joins The Network

Japan’s Biggest Card Firm Joins The Network

by TheAdviserMagazine
October 29, 2025
0

TIS Inc., Japan’s largest payments processor, has moved into tokenized finance by launching a Multi-Token Platform on Avalanche’s AvaCloud, according...

edit post
Elite Ferrari clientele to bid on Le Mans race car with digital tokens

Elite Ferrari clientele to bid on Le Mans race car with digital tokens

by TheAdviserMagazine
October 29, 2025
0

Ferrari is making a pit stop in crypto, but only for its VIP clientele. The Italian automaker plans to issue...

edit post
TRON DAO Participates in Europol’s 9th Global Conference on Criminal Finances and Cryptoassets

TRON DAO Participates in Europol’s 9th Global Conference on Criminal Finances and Cryptoassets

by TheAdviserMagazine
October 29, 2025
0

This content is provided by a sponsor. PRESS RELEASE. Geneva, Switzerland, October 29th, 2025 – TRON DAO, the community-governed DAO...

edit post
Grayscale Debuts Solana ETF, Joining Bitwise in Staking Race

Grayscale Debuts Solana ETF, Joining Bitwise in Staking Race

by TheAdviserMagazine
October 29, 2025
0

Cryptocurrency asset manager Grayscale Investments has launched its staking-enabled Solana spot exchange-traded fund (ETF), expanding institutional access to Solana exposure.According...

edit post
ASIC Confirms Stablecoins and Tokenised Assets Fall Under Financial Law

ASIC Confirms Stablecoins and Tokenised Assets Fall Under Financial Law

by TheAdviserMagazine
October 29, 2025
0

The Australian Securities and Investments Commission has clarified how existing financial laws apply to digital assets. The update aims to...

edit post
Trump Media And Crypto.Com Unveil Predictions Market Partnership

Trump Media And Crypto.Com Unveil Predictions Market Partnership

by TheAdviserMagazine
October 29, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure President Donald Trump’s social media platform, Truth...

Next Post
edit post
Meta to share AI infrastructure costs via  billion asset sale

Meta to share AI infrastructure costs via $2 billion asset sale

edit post
Win a Seat at Verizon’s Small Business Training Camp

Win a Seat at Verizon’s Small Business Training Camp

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Another Violent Outburst – Democrats Inciting Civil Unrest

Another Violent Outburst – Democrats Inciting Civil Unrest

October 24, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Top Sale Items You Can Donate to Your Local Food Bank

Top Sale Items You Can Donate to Your Local Food Bank

0
edit post
India’s Snabbit valuation doubled to 0M in 5 months on its quick house-help bet

India’s Snabbit valuation doubled to $180M in 5 months on its quick house-help bet

0
edit post
Tanzania’s Financial Landscape: Mobile Money Dominates, But Challenges Remain

Tanzania’s Financial Landscape: Mobile Money Dominates, But Challenges Remain

0
edit post
AI investment risks beg for diversification

AI investment risks beg for diversification

0
edit post
Bitcoin, Ethereum dip after Fed chair hints that 25-point rate cut may be last of 2025

Bitcoin, Ethereum dip after Fed chair hints that 25-point rate cut may be last of 2025

0
edit post
The Difference Between a Tax Levy and a Tax Lien 

The Difference Between a Tax Levy and a Tax Lien 

0
edit post
Bitcoin, Ethereum dip after Fed chair hints that 25-point rate cut may be last of 2025

Bitcoin, Ethereum dip after Fed chair hints that 25-point rate cut may be last of 2025

October 30, 2025
edit post
Xi strikes conciliatory tone as he meets Trump in South Korea

Xi strikes conciliatory tone as he meets Trump in South Korea

October 29, 2025
edit post
Groww announces IPO dates as regulatory uncertainty looms over stock brokers

Groww announces IPO dates as regulatory uncertainty looms over stock brokers

October 29, 2025
edit post
India’s Snabbit valuation doubled to 0M in 5 months on its quick house-help bet

India’s Snabbit valuation doubled to $180M in 5 months on its quick house-help bet

October 29, 2025
edit post
Boot Barn outlines .2B sales target and 1,200-store expansion amid raised TAM to B (NYSE:BOOT)

Boot Barn outlines $2.2B sales target and 1,200-store expansion amid raised TAM to $58B (NYSE:BOOT)

October 29, 2025
edit post
Reducing This Type of Cholesterol May Lower Dementia Risk by 80%. Have You Even Heard of It?

Reducing This Type of Cholesterol May Lower Dementia Risk by 80%. Have You Even Heard of It?

October 29, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Bitcoin, Ethereum dip after Fed chair hints that 25-point rate cut may be last of 2025
  • Xi strikes conciliatory tone as he meets Trump in South Korea
  • Groww announces IPO dates as regulatory uncertainty looms over stock brokers
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.