XRP Ledger Adds USDC Support Days After Circle’s Public Debut, Signaling Broader Stablecoin Integration

Just one week after Circle officially entered the public markets, its flagship stablecoin USDC has been integrated into the XRP Ledger (XRPL) mainnet—marking a key expansion for both the blockchain and the second-largest stablecoin by global supply.

According to a company announcement on Thursday, Circle’s tools—Circle Mint and the developer-centric Circle API—now support USDC on XRPL. This integration is expected to boost liquidity across the network and expand use cases for developers and institutions alike.

The XRP Ledger, known for its close ties to Ripple and its focus on fast, low-cost cross-border payments, has been steadily growing its ecosystem. Alongside the new USDC support, XRPL is also preparing to launch an Ethereum Virtual Machine (EVM) sidechain in Q2 2025. This sidechain would allow developers to run Ethereum-based smart contracts while leveraging XRPL’s speed and scalability.

For Circle, the timing couldn't be more symbolic. After multiple attempts to go public since 2021, the fintech firm finally completed its IPO on June 5. Investor interest surged, with Circle’s shares soaring to $90—nearly triple its $30 IPO price. The move cemented Circle’s place among leading crypto companies making strides in the traditional financial markets.

As of now, USDC accounts for roughly 25% of the total $240 billion stablecoin market, second only to Tether’s USDT, which dominates with a 65% share. With XRPL now supporting USDC, the stablecoin’s reach extends further into the infrastructure of mainstream blockchain platforms.

Meanwhile, XRP—the native token of the XRP Ledger—continues to hold a strong position in the market. With a market cap of $131.8 billion, XRP is the fourth-largest cryptocurrency by value. It was trading at $2.24 at the time of writing, down slightly by 3.41% over the last 24 hours, with a daily trading volume of $2.2 billion.