Ripple is nearing dominance in the stablecoin market with the launch of USDC on XRPL

USDC has officially launched on the XRP Ledger, enhancing XRPL's position in the fields of payments and decentralized finance thanks to its speed and low fees. This is a strategic advancement that may give Ripple an edge in the stablecoin market. The increased locked value and growth in USDC usage indicate rising institutional adoption, propelling XRPL to the forefront as a strong competitor to technologies like Ethereum.