$XRP Ripple shared insights on June 12 about the expansion of fiat-backed stablecoins on the XRP Ledger (XRPL), highlighting the growing relevance of the protocol in global digital finance. With its compliance-oriented architecture and the native asset XRP, XRPL is attracting stablecoin issuers looking for scalable infrastructure for real-world utility.

The cryptocurrency company noted that these developments underscore the maturity of XRPL as a platform for tokenized financial products and cross-border settlement solutions, with XRP facilitating the efficient exchange of assets and decentralized trading.