KEY TAKEAWAYS
- Ripple and Circle have partnered to integrate USDC onto the XRP Ledger, enhancing its utility and liquidity.
- The collaboration aims to improve financial ecosystem interoperability by leveraging USDC’s stablecoin capabilities on the XRPL.
- USDC on the XRPL will enable new institutional and retail use cases, driving innovation and adoption.
- The XRPL’s robust infrastructure supports efficient trading and settlement, making it ideal for cross-border payments and DeFi applications.
San Francisco, CA – June 12, 2025 – Ripple, a leading provider of digital asset infrastructure for financial institutions, and Circle, a global financial technology firm and issuer of USDC, have announced a partnership to bring USDC to the XRP Ledger (XRPL). The XRPL is a decentralized, layer-1 blockchain developed for the efficient tokenization and exchange of value, including both crypto and real-world assets. USDC is a fully reserved stablecoin, redeemable 1:1 for U.S. dollars.
The collaboration aims to enhance the interoperability of financial ecosystems by integrating USDC, a trusted and regulated stablecoin, directly onto the XRPL. This move is expected to boost the ledger’s utility, expand on-chain liquidity, and unlock new avenues for innovation.
Enhancing Financial Ecosystems with Stablecoins
Markus Infanger, Senior Vice President of RippleX, emphasized the importance of stablecoins as key entry points connecting traditional financial markets with the crypto space. He noted that regulated stablecoins like USDC on the XRPL will enable new institutional and retail use cases by leveraging the ledger’s built-in capabilities for compliance, tokenization, low-cost settlement, and seamless on/off-ramps.
Nikhil Chandhok, Chief Product and Technology Officer at Circle, highlighted the potential for developers to build seamless, real-world financial applications with USDC on the XRPL. He expressed optimism about USDC’s role in driving utility and innovation across the XRPL ecosystem.
XRPL’s Capabilities and Future Prospects
The XRPL is recognized for its scalability and reliability, having processed over 3.3 billion transactions without failure or security breaches since 2012. It supports over five million active wallets and operates with a network of over 200 validators. The ledger’s native capabilities, such as a decentralized exchange (DEX) and auto-bridging feature, leverage XRP as a bridge currency, facilitating efficient trading with USDC.
With low transaction costs and quick global settlements, the XRPL is well-suited to support a variety of USDC use cases. This makes it an ideal blockchain for businesses and developers to leverage for applications such as cross-border payments, remittances, and decentralized finance (DeFi).
Following the launch, the XRPL community can now utilize USDC for both institutional and retail use cases, potentially driving wider adoption of the XRPL. Ripple also plans to continue using USDC alongside RLUSD in its flagship payments solution. To date, Ripple Payments has processed $70 billion in payments volume, with near-global coverage across 90+ payout markets, representing over 90% of daily FX market coverage.
The issuer address for USDC on the XRPL is: rGm7WCVp9gb4jZHWTEtGUr4dd74z2XuWhE.
For more information, the official announcement can be found here.
Why This Matters: Impact, Industry Trends & Expert Insights
Ripple and Circle’s partnership to launch USDC on the XRP Ledger marks a significant step in enhancing the interoperability of financial ecosystems, aiming to boost the ledger’s utility and expand on-chain liquidity.
Stablecoin adoption and market dynamics have surged in June 2025, driven by regulatory advancements and institutional interest. The U.S. Senate’s GENIUS Act of 2025 is set to establish clear regulatory guidelines for stablecoin issuance and compliance. This aligns with the integration of USDC on the XRPL, as it reflects the growing trend of stablecoin adoption in regulated financial environments. Ainvest
Expert opinions on a potential Ripple and Circle partnership highlight varying perspectives. Some experts suggest that this collaboration could significantly expand Ripple’s influence in the stablecoin market, potentially boosting XRP’s utility and price. This supports the strategic importance of integrating USDC into the XRPL, enhancing its appeal for cross-border transactions and financial applications. The Crypto Basic
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