{"id":"1792713741787-money-segment","slug":"xrp-ledger-stablecoin-supply-drops-13","title":"XRP Ledger stablecoin supply drops 13%","summary":"XRP Ledger's stablecoin market cap fell 13.19% over seven days to $999.89 million as of Oct 22, 2026, per DefiLlama. RLUSD, the dominant stablecoin, dropped 14.39% to $907.36 million. XRP has been range-bound below $1.10, and active addresses on the ledger fell 15.7% month-over-month from June to July.\n\nAnalysts point to weakening demand and a stablecoin exodus from the ledger, disappointing XRP ETF inflows (JPMorgan had projected up to $8 billion in year-one inflows but actual flows stalled around $1.5 billion), Standard Chartered cutting its XRP price target from $8 to $2.80, and macro/seasonal headwinds.\n\nDefiLlama data shows XRP Ledger's stablecoin market cap fell 13.19% over 7 days to $999.89 million as of Oct 22, 2026, with RLUSD at $907.36 million.","publishedAt":"2026-10-23T00:02:21.787Z","channel":{"id":"money","name":"Oncast Money","language":"en"},"show":"Money Tonight","verification":{"status":"verified","leadVerdict":"TRUE","notes":"TRUE: DefiLlama data shows XRP Ledger's stablecoin market cap fell 13.19% over 7 days to $999.89 million as of Oct 22, 2026, with RLUSD at $907.36 million.\nSource: DefiLlama NAMES: XRP = Ripple's cryptocurrency; XRPL = XRP Ledger; RLUSD = Ripple USD stablecoin (https://x.com/BSCNews/status/2113419631465759037)","claims":[{"verdict":"TRUE","summary":"DefiLlama data shows XRP Ledger's stablecoin market cap fell 13.19% over 7 days to $999.89 million as of Oct 22, 2026, with RLUSD at $907.36 million.","sourceName":"DefiLlama NAMES: XRP = Ripple's cryptocurrency; XRPL = XRP Ledger; RLUSD = Ripple USD stablecoin","sourceUrl":"https://x.com/BSCNews/status/2113419631465759037","claim":"XRP Ledger stablecoin supply drops -13% According to DefiLlama data, @Ripple's $XRP Ledger has seen a significant contraction in its stablecoin economy over the past week... ... Falling -13% and dropping to below $1 billion. Despite the collapse, https://t.co/qd2ptMIH32","author":"BSCN (@BSCNews)"}]},"sources":[{"url":"https://x.com/BSCNews/status/2113419631465759037","name":"DefiLlama NAMES: XRP = Ripple's cryptocurrency; XRPL = XRP Ledger; RLUSD = Ripple USD stablecoin","kind":"x","verdict":"TRUE","author":"BSCN (@BSCNews)"}],"url":"https://oncast.fm/story/1792713741787-money-segment-xrp-ledger-stablecoin-supply-drops-13","listenUrl":"https://oncast.fm/c/money","attribution":{"publisher":"Oncast","site":"https://oncast.fm","url":"https://oncast.fm/story/1792713741787-money-segment-xrp-ledger-stablecoin-supply-drops-13","cite":"Cite https://oncast.fm/story/1792713741787-money-segment-xrp-ledger-stablecoin-supply-drops-13 and the original source links. Fact-check by Oncast (oncast.fm)."},"hostsSaid":[{"host":"Bill","text":"According to BSCN, XRP Ledger's stablecoin supply just fell 13% in a week, dipping under a billion dollars."},{"host":"Adam","text":"Under a billion? That's a psychological line, not a real one."},{"host":"Bill","text":"DefiLlama has it at 999.89 million. RLUSD, the main stablecoin there, dropped 14% to 907 million."},{"host":"Adam","text":"So the stablecoin economy on XRPL is shrinking while the rest of crypto stablecoins are growing. That's the story."},{"host":"Bill","text":"And it's not just stablecoins. Active addresses on the ledger fell almost 16% month-over-month from June to July."},{"host":"Adam","text":"I remember when JPMorgan projected up to eight billion in year-one XRP ETF inflows. Actual flows stalled around one and a half billion."},{"host":"Bill","text":"Standard Chartered cut its XRP price target from eight dollars to two eighty. That's not a trim, that's a haircut."},{"host":"Adam","text":"And XRP itself has been range-bound below a dollar ten. The stablecoin exodus is a symptom, not the disease."},{"host":"Bill","text":"Block Digest's pulse indicator is at 34 out of 100. Bearish. RSI 43.74. Long/short ratio 1.62."},{"host":"Adam","text":"So people are positioned bullish, but price isn't following through. That's a crowded trade waiting to unwind."},{"host":"Bill","text":"Here's my take: the XRP ETF was supposed to be the catalyst. It came, it flopped, and now the ledger's losing its stablecoin liquidity."},{"host":"Adam","text":"Flopped is strong. One and a half billion in inflows isn't nothing. It's just not eight billion."},{"host":"Bill","text":"When analysts cut targets by 65%, the market's telling you something. Demand isn't there."},{"host":"Adam","text":"Or the macro environment changed. Seasonal headwinds, rate uncertainty. Stablecoins are moving to chains with better yields."},{"host":"Bill","text":"That's exactly my point! XRPL isn't competitive for stablecoin yield, so the money leaves."},{"host":"Adam","text":"But the ledger's still the 14th largest stablecoin network. It's not dead, it's just not winning."},{"host":"Bill","text":"Down that fast in a single week, that's a trend, not a blip."},{"host":"Adam","text":"I'll concede the trend is down. But calling it a collapse ignores that the whole crypto market's been choppy."},{"host":"Bill","text":"Fair. But when your stablecoin supply shrinks while competitors grow, that's a you problem, not a market problem."},{"host":"Adam","text":"Speaking of market problems, there's a Venezuela story crossing the wires."},{"host":"Bill","text":"The State Department says it welcomes a third round of political reconciliation talks between Venezuela's 2015 National Assembly and the interim government."},{"host":"Adam","text":"They're also urging the immediate release of all political prisoners. That's the part that matters."},{"host":"Bill","text":"The statement says the Venezuelan-led process strengthens democratic institutions and lays groundwork for free, fair elections."},{"host":"Adam","text":"We couldn't independently verify the exact wording, but the State Department has been pushing this reconciliation line for months."},{"host":"Bill","text":"And it's a reminder that Venezuela's political crisis isn't just about oil or sanctions. It's about who gets to count votes."},{"host":"Adam","text":"Meanwhile, CNN is reporting, citing U.S. officials, that any renewed conflict with Iran would be short-term but intense."},{"host":"Bill","text":"And that Trump's advisors have prepared plans for strikes on Iran in coordination with Israel, immediately upon his approval."},{"host":"Adam","text":"That's a significant escalation in rhetoric. We can't confirm the report independently, but CNN's sourcing is usually solid."},{"host":"Bill","text":"The phrase 'short-term but intense' is doing a lot of work there. It's meant to sound contained."},{"host":"Adam","text":"Contained conflicts have a way of not staying contained. That's the history of the region."},{"host":"Bill","text":"And oil markets are already jittery. Any strike talk adds a risk premium."},{"host":"Adam","text":"Let's be clear: this is a report about planning, not an order. But the fact that it's leaking is itself a signal."},{"host":"Bill","text":"Different world entirely: there's a Solana token called TURRI that's supposedly climbing from a 42K market cap to 104K."},{"host":"Adam","text":"A hundred and four thousand dollars. That's not a market cap, that's a used car."},{"host":"Bill","text":"The post says it's gaining traction and attracting attention. No independent data confirms any of it."},{"host":"Adam","text":"Low-liquidity token, promotional post, contract address included. This is the crypto equivalent of a penny stock fax."},{"host":"Bill","text":"They do say DYOR. Do your own research. Which is good advice, because nobody else is researching this."},{"host":"Adam","text":"And there's another XRP post claiming Project Agora's trillion-dollar secret is exposed. It's a clickbait headline with no actual claim."},{"host":"Bill","text":"Project Agora is a BIS-led tokenization project. It's not even an XRP Ledger project. The post is just noise."},{"host":"Adam","text":"One more XRPL item: a user says a bug fix called fixCleanup3_4_0 was pushed from October 23 to November 4."},{"host":"Bill","text":"The amendment process does require 80% of trusted validators for 14 days. That part checks out."},{"host":"Adam","text":"But the specific amendment and dates we couldn't confirm. It's plausible, but it's one account's claim."},{"host":"Bill","text":"So the XRP Ledger's having a rough week, and now a delayed bug fix is piled on top."},{"host":"Adam","text":"The bug fix delay is minor. The stablecoin exodus is the real story. Money's leaving, and it's not coming back without a reason."},{"host":"Bill","text":"And right now, the reason isn't there. No new yield, no new demand, no new catalyst."},{"host":"Adam","text":"That's the honest read. XRP's not collapsing, but it's not compelling either."}]}