Ripple’s own stablecoin RLUSD, launched in 2024, competes directly with USDC and is available on both Ethereum and XRPL

Quotes that support claims

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 EURØP (euro-pegged), and Braza Bank’s USDB.

Last year, Ripple also made a foray into the red-hot stablecoin sector with the launch of its own highly regulated RLUSD stablecoin.