Ripple, the San Francisco blockchain firm tied to XRP, posted the fastest stablecoin expansion in the industry over the past 30 days, adding $258.2 million to its stablecoin market capitalization. Data published by the RWA Foundation places the company first among issuers for the period. Open Standard ranked second with a $165.1 million increase, and Ethena added $78 million to take third place. The stablecoin market cap rankings measure new supply each issuer placed into circulation over the month, with Ripple's monthly gain comfortably outpacing both rivals.
Ripple Leads 30-Day Stablecoin Growth with $258.2 Million Increase
Ripple added $258.2 million to its stablecoin market capitalization over the past 30 days, ranking first among issuers. Open Standard ranked second with a $165.1 million increase, and Ethena came in third with $78 million added. The spread at the top is wide, with Ripple's monthly gain comfortably outpacing both rivals.
Stablecoin market capitalization rises when an issuer mints more tokens against reserves. The leaderboard is a direct read on how much new supply each issuer placed into circulation over the month. For issuers, more float in circulation means more balances settling payments, and the monthly ranking is the cleanest measure of who won new demand.
Weekly rankings had shown a closer race, with Ethena repeatedly sitting just behind Ripple before its brief turn in first place. The XRP price has stayed volatile through the same stretch, with the token trading near $1.03. Daily leaderboards shuffle as issuance lands in bursts, and a single day can lift any issuer to the top of a 24-hour chart. On the 30-day view, Ripple ends the period as the sector's strongest grower.
Ethena Holds Top Daily Position for 24 Hours
Ethena, the issuer behind a yield-bearing stablecoin, overtook Ripple on the daily ranking and held the top position for a 24-hour window. The flip drew attention because Ethena had spent the preceding weeks as the name closest to Ripple on the growth charts, with the two issuers repeatedly trading places near the front of the pack in day-to-day data.
Once the measurement window widened back to 30 days, the order snapped back. Ripple's cumulative $258.2 million gain stood ahead of Open Standard's $165.1 million, with Ethena's $78 million in third. The monthly totals survived the daily shake-up unchanged. Open Standard's second-place finish came without a daily headline, a steady climb that kept it well clear of third place while never threatening Ripple's total.
The XRP price is about 3.1% lower over the last 24 hours, while the issuance record shows Ripple's stablecoin arm adding $258.2 million over the past 30 days. XRP pushed toward $1.30 early in the month before that breakout failed, and the token has since traded near $1.03.
FAQ
How much did Ripple add to its stablecoin market cap over the past 30 days?
Ripple added $258.2 million to its stablecoin market capitalization over the past 30 days, ranking first among issuers according to data published by the RWA Foundation.
Which issuers ranked second and third in 30-day stablecoin growth?
Open Standard ranked second with a $165.1 million increase over the past 30 days, and Ethena ranked third with $78 million added during the same period.
Did Ethena overtake Ripple in stablecoin growth rankings?
Ethena overtook Ripple on the daily ranking and held the top position for a 24-hour window last week. Once the measurement window widened back to 30 days, Ripple's cumulative $258.2 million gain remained ahead of Ethena's $78 million.
