USDC is coming to the XRP Ledger

Circle has officially launched USDC on the XRP Ledger, making the world's second-largest stablecoin by market cap directly accessible on the network without the need for bridges.

USDC is now live on the XRP Ledger.

The integration, announced in April and co-developed by Circle and Ripple, brings the world’s second-largest stablecoin by market cap to the XRPL.

It will enable developers, institutions and users to leverage the XRPL’s high-speed, low-cost infrastructure for stablecoin-based transactions and applications.

USDC is now live on the XRP Ledger.

With the launch of native USDC on the XRPL, developers, institutions and users gain the support of the world's largest regulated stablecoin.

Enterprise B2B payments: Use USDC for global money movement and improve capital efficiency. #XRPL #DeFi pic.twitter.com/WjXr7ui2Kp

— Ripple (@Ripple) August 28, 2024

Following the launch, Circle Mint and Circle APIs will fully support USDC on the XRP Ledger. This will provide seamless access to liquidity and broad utility across payments, DeFi and fiat on/off-ramping on the platform powered by XRP.

The XRPL is a decentralized Layer-1 blockchain, launched in 2012 and maintained by a global community of nodes that includes Ripple, XRPL Labs and the XRPL Foundation.

To date, the network has processed over 3.3 billion transactions. It is known for its low transaction costs and high throughput, which enables rapid cross-border payments and efficient financial applications.

The addition of USDC significantly strengthens XRPL’s stablecoin ecosystem. Other notable stablecoins on the ledger include Ripple’s RLUSD, StraitsX’s XSGD (Singapore dollar-pegged), Schuman Financial’s EURÔP (euro-pegged) and Braza Bank’s USDB.

This growing variety reflects the XRPL’s strategic push to become a leading platform for real-world asset tokenization and digital finance.

Key XRP Ledger developments unveiled at Apex 2025

The USDC launch on the XRP Ledger comes as several major developments are rolling out on the network.

At the recent XRPL Apex 2025 conference, several key announcements highlighted the rapid innovation unfolding in the XRPL ecosystem.

* EVM-compatible sidechain set for Q2 2025

* Ripple is introducing an Ethereum Virtual Machine (EVM) compatible sidechain on the XRPL, planned for a Q2 2025 launch.

* Co-developed with Peersyst Technologies, the sidechain is currently live on testnet, bringing Ethereum-based smart contracts and decentralized applications (dApps) to XRPL.

* Using evmOS and Axelar as its exclusive bridge, the sidechain will support wrapped XRP as a native gas token.

* Over 87 new entities have already joined the testnet, showcasing strong early adoption and potential for significant DeFi activity on the network.

* Ondo Finance introduces tokenized U.S. Treasuries on XRPL

* Further advancing its real-world asset tokenization efforts, XRPL has welcomed the launch of Ondo Finance’s OUSG (Ondo Short-Term U.S. Government Treasuries) product.

* Institutional investors can mint and redeem OUSG tokens on XRPL using Ripple’s RLUSD, with an initial supply of $30 million.

* The integration positions XRPL as a credible venue for on-chain asset management, DeFi collateralization and treasury operations, supporting Ripple’s broader push into regulated financial products on-chain.

* VivoPower deploys $100M XRP in DeFi strategy

* Nasdaq-listed VivoPower International has partnered with Flare Network in a $100 million initiative to deploy XRP tokens within a yield-generating DeFi strategy.

* Utilizing Flare’s FAssets framework, the company aims to generate returns on its XRP holdings and reinvest the profits to grow its digital asset treasury.

* As part of this shift, VivoPower will also adopt Ripple’s RLUSD as its primary cash-equivalent reserve, highlighting the company’s strategic pivot to blockchain-native financial infrastructure.