Ripple has integrated Circle’s USDC stablecoin directly onto the XRP Ledger (XRPL), a move that became official on Thursday and makes USDC available natively on the XRPL mainnet.
While XRPL is often associated with Ripple, the network is maintained by a global community of validators and developers. It uses the Federated Consensus Protocol, where validators agree on the validity and order of transactions every three to five seconds.
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The USDC integration is expected to boost liquidity on the XRPL and facilitate cross-border payments, remittances, and decentralized finance (DeFi) applications.
It also aligns with Circle’s efforts to expand USDC’s utility, with its market share now representing around 25% of the total stablecoin market, second to Tether’s USDT which remains the clear leader.
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