XRP Ledger Stablecoin Market Capitalization Falls 13.2% to $999.8 Million

The XRP Ledger’s stablecoin market capitalization stood at $999.8 million in a reading dated Thursday, Oct. 22, down 13.2% over seven days, with Ripple USD accounting for most of the total. Ripple USD (RLUSD), Ripple’s dollar-backed stablecoin, represented 90.75% of the total at about $907.3 million, down 14.4% over seven days. Other listed assets were Valtorum USD at $72.77 million, EUR CoinVertible at $11.21 million and USD Coin (USDC) at $5.76 million. RLUSD’s large share means changes in its market capitalization have a substantial effect on the ledger-wide figure.