Catenaa, Sunday, June 22, 2025-The XRP Ledger has integrated USD Coin (USDC) into its Layer 1 blockchain network, just one week after Circle’s landmark public debut on Wall Street, signaling a major leap in the stablecoin’s institutional and cross-border utility.
Circle announced Thursday that both its institutional platform, Circle Mint, and its developer-friendly Circle API now support USDC issuance and redemption on the XRPL mainnet.
The move enhances liquidity and expands real-world financial infrastructure for Ripple’s blockchain ecosystem.
The integration positions XRPL to further compete in the high-growth stablecoin sector, which is currently dominated by Tether’s USDT.
USDC now accounts for 25% of the $240 billion stablecoin market. XRP Ledger, traditionally used for fast cross-border payments, joins a growing list of blockchain networks supporting USDC.
This development comes as XRPL plans to launch an Ethereum Virtual Machine-compatible sidechain later in Q2 2025, broadening its smart contract capabilities.
XRP, the native asset of XRPL, was trading at $2.24 at midday Thursday, down 3.4% in 24 hours, with a 24-hour trading volume of $2.2 billion. It remains the fourth-largest cryptocurrency by market cap at $131.8 billion, according to The Block.
Circle went public on June 5 after a multi-year effort, with shares surging nearly 200% from its IPO price of $30 to $90 within hours.
The stablecoin issuer is expanding aggressively across blockchains as part of a post-IPO strategy to grow institutional adoption.
