Circle has introduced USD Coin (USDC) on the XRP Ledger mainnet, allowing developers to access the stablecoin without cross-chain bridges, enhancing ease of application development.
An EVM-compatible sidechain is set to launch in Q2 2025, aiming to expand smart contract capabilities on the XRP Ledger and connect through an Axelar bridge.
Institutional interest is increasing, with Ondo Finance introducing RLUSD stablecoin on XRPL and Guggenheim expanding its Digital Commercial Paper platform, backed by US Treasury bonds.
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