USDC Stablecoin Debuts on XRP Ledger, Boosts Crypto Liquidity

- Circle’s USDC stablecoin is now available on the XRP Ledger. - The integration aims to enhance liquidity and transfer efficiency. On June 12, 2025, Cointelegraph reported that Circle's USDC stablecoin launched on the XRP Ledger (XRPL). According to an announcement from Ripple, this launch enables the use of XRP as a bridge currency, and an auto-bridging feature facilitates the transfer of stablecoins across decentralized exchanges. This auto-bridging functionality enhances liquidity and transfer efficiency within the XRPL network. On June 12, Senior Vice President of RippleX Markus Infanger stated in an announcement, "Stablecoins are key entry points connecting traditional financial markets with the crypto space — essential for use cases focused on utility rather than speculation." This integration occurs as the stablecoin sector, with a market capitalization exceeding $237 billion, faces increased regulatory scrutiny in the United States. In this environment, the use of overcollateralized stablecoins is particularly strategic. Issuers back their digital fiat tokens by purchasing short-term U.S. Treasury bills, thereby collecting yield as profit. Several U.S. lawmakers and officials view stablecoins as tools to counter de-dollarization efforts by foreign entities selling U.S. government debt, as concerns over the U.S. government's creditworthiness and the declining value of the dollar drive this de-dollarization. As foreign sovereigns continue to offload U.S. debt, bond yields rise because investors demand higher interest payments. These rising yields, in turn, elevate debt service costs for the government and contribute to inflating the $36 trillion national debt. On March 7, during the White House Crypto Summit, U.S. Treasury Secretary Scott Bessent emphasized the importance of stablecoins, highlighting their role in maintaining U.S. dollar dominance by leveraging their demand, which in turn enhances the global salability of the dollar. As of June 12, 20:09 UTC, XRP (XRP) was trading at $2.209, with its 24-hour trading volume showing a -3.279% change, while USDC (USDC) was trading at $1, its 24-hour volume showing a -0.014% change.