Clearpool
@ClearpoolFin
Building the institutional lending platform for the XRP Ledger | $950M loans originated | Powered by $CPOOL.
Joined September 2021
658 Following 82.4K Followers
Total stablecoin supply has drifted off its May peak and flattened. The standout growth has come from RLUSD on XRPL, up 39% over the same stretch.
Liquidity moves toward where it can be put to work, and on-chain credit is a big part of why it's building here.
$CPOOL ripple:native
Show more
XRPL has been bucking the trend. While stablecoins across platforms have been contracting, they’ve been growing on the ledger.
RLUSD outstanding is up 39% since May 20, to $934M. Across platforms, there are about 6% fewer stablecoins in circulation than in May when things peaked, roughly $20B less. All this per our analysis of ledger data last week.
And on XRPL, it’s moving. In the past 30 days: ~$450M issued on XRP, ~$450M redeemed. Ethereum: $403M issued, $177M redeemed.
This content is for informational purposes only and does not constitute investment advice. This content may contain forward-looking statements that involve risks and uncertainties; actual results may differ materially. Digital assets involve risk, including potential loss of principal. Learn more about Evernorth:
Show more
