XRP Ledger (XRPL) has surged to third place in the global blockchain ranking for stablecoin market capitalization growth, fueled by a significant capital influx. According to a recent Token Terminal report from the RWA Foundation, XRPL saw a net capital entry of $58.3 million into its stablecoins over the past week.
Rebound Highlights Market Dynamics
This inflow follows a sharp retracement experienced earlier. As of October 22, the stablecoin market capitalization on XRPL had dropped by 13.19% weekly, reaching approximately $999.9 million. A key factor in this decline was Ripple‘s decision to transfer a portion of its RLUSD supply to the Ethereum network.
Ripple, recognized as a U.S.-based technology company focusing on payment-centric blockchain solutions, has seen its dollar-pegged asset RLUSD become a pivotal element affecting network data due to its distribution between XRPL and Ethereum. This scenario underscores the volatile nature of capital flows within decentralized finance.
RWA Foundation reported a net inflow of $58.3 million into XRPL-based stablecoins over one week.
New Features for Corporate Integration
Meanwhile, XRPL is contemplating a strategic enhancement aimed at subsidizing transaction fees. The proposed system is expected to streamline wallet creation for corporate clients, potentially eliminating the mandatory 1 XRP reserve for each new wallet.
The implementation of this feature hinges on the acceptance of the Sponsor amendment. However, as of October 29, the amendment secured only nine validator votes, falling short of the qualifying majority needed for imminent enactment.
Glossary: The Sponsor amendment is a technical adjustment allowing transaction costs to be covered by a different account on XRPL, targeting lower initial costs for opening multiple user accounts in corporate applications.
Arc and Tempo Lead Global Increases
In terms of weekly net capital growth, the top two positions were claimed by networks focused on corporate infrastructure and automatic payment systems. Arc, developed by Circle for AI agents and smart contract reconciliation infrastructure, led the charge with a $252.2 million increase, more than 2.5 times that of its closest competitor.
Following Arc, Tempo secured second place with a weekly inflow of $98.2 million. Developed with contributions from Stripe and Paradigm, this Layer 1 payment network emphasizes commercial transaction reconciliation, with liquidity gravitating towards its primary stablecoin, Open USD.
Arc took the top position with a $252.2 million weekly increase, followed by Tempo with $98.2 million, and XRPL with $58.3 million.
The data reflects a marked shift in stablecoin capital towards corporate payment infrastructures and automatic reconciliation solutions over the last week. While XRPL rebounded from previous declines, it nonetheless trailed behind Arc and Tempo in this competitive landscape.
