Stablecoin supply is expanding rapidly across the XRP Ledger [XRPL], strengthening the financial infrastructure underpinning Ripple’s [XRP] ecosystem. For much of 2025, capitalization remained below $100 million, suggesting liquidity growth was still limited. That changed in November when supply pushed above $200 million and entered a sustained expansion phase. Growth continued into 2026, lifting stablecoin capitalization to roughly $762 million, including a 22% increase in recent weeks.