XRP Ledger’s Stablecoin Dominance Grows as USDT Alternatives Gain Momentum
The XRP Ledger is cementing its position as a global hub for stablecoin settlements, with Brazilian real-pegged tokens leading the charge. Recent data highlights BrazaBank's BBRL token, which recorded over $4.2 million minted in July 2025 alone, now ranking as the second-largest BRL stablecoin behind Transfero Group's BRZ. This surge underscores the growing adoption of the XRP Ledger for stablecoin issuance and cross-border settlements, positioning it as a competitive alternative to traditional stablecoins like USDT. The ledger's low-cost, high-speed infrastructure is attracting institutional and retail users alike, signaling a bullish trend for XRP's utility in the digital finance ecosystem.
XRP Ledger Emerges as Global Hub for Stablecoin Settlements Amid Surge in Brazilian Real-Pegged Tokens
The XRP Ledger is rapidly gaining traction as a preferred infrastructure for stablecoin issuance and settlement, driven by accelerating adoption and competitive token dynamics. Brazilian real-pegged stablecoins are leading the charge, with BrazaBank's BBRL token recording over $4.2 million minted in July alone—now ranking as the second-largest BRL stablecoin behind Transfero Group's BRZ.
Dune Analytics data reveals BBRL's minting volume briefly reached pandemic-era levels, while BRZ's growth has plateaued after an early-year spike. The trend underscores Latin America's growing reliance on blockchain-based dollar alternatives amid currency volatility, with the XRP Ledger becoming the network of choice for such instruments.
US dollar stablecoins are also gaining momentum on the ledger, with Tron's RLUSD token seeing daily transactions explode from ~5,000 to new highs. This dual demand for BRL and USD-pegged tokens positions XRPL as a critical bridge between fiat and decentralized finance.
3 Risks Undermining Stablecoins' Safe Haven Appeal
Stablecoins have emerged as a bridge between crypto volatility and fiat stability, with USDT, USDC, DAI, TUSD, and PYUSD dominating dollar-pegged offerings. These instruments enable borderless transactions and serve as DeFi building blocks—yet structural vulnerabilities lurk beneath their $1 veneer.
The first fault line appears in reserve quality. While major issuers claim full collateralization, Tether's historic lack of transparency and the collapse of algorithmic stablecoins like TerraUSD reveal how quickly pegs can fracture. Regulatory scrutiny now focuses on whether reserves actually match circulating supply.
Second-order risks stem from concentration. Nearly 90% of stablecoin activity flows through three issuers, creating systemic dependencies. A single regulatory action or bank run could destabilize multiple ecosystems simultaneously—as seen when Silicon Valley Bank's collapse temporarily broke USDC's peg in March 2023.
Ethereum Daily Active Addresses Surge to 2-Year High Amid Price Volatility
Ethereum's network activity has reached a notable milestone, with daily active addresses climbing to 841,100—the highest level since 2022. This surge, reported by Sentora, signals renewed user engagement but comes alongside a sharp price pullback below $3,500. Historical patterns suggest such spikes in address activity often precede market volatility.
Meanwhile, Tether (USDT) transaction volumes show a broader shift in trader behavior. Glassnode data reveals USDT's 30-day moving average transfer volume has rebounded to $52.9 billion, though Ethereum's share of this activity has declined. Tron now leads in USDT volume at $23 billion, followed by BNB Chain.
