XRP Ledger's stablecoin supply is falling.
The stablecoin market cap on
@Ripple's
@XRP Ledger is down -8.84% at time of writing, pushing the total to below $1 billion.
Of all the stablecoins on $XRP Ledger, a staggering 92% are Ripple's own $RLUSD, meaning that there are very few major stablecoins hosted on the chain.