San Francisco, CA – June 12, 2025 - Ripple, the leading provider of digital asset infrastructure for financial institutions, and Circle, a global financial technology firm and issuer of USDC, today announced a partnership bringing USDC to the XRP Ledger (XRPL). The XRPL is a decentralized, layer-1 blockchain developed for the efficient tokenization and exchange of value including crypto and real-world assets. USDC is a fully reserved stablecoin, redeemable 1:1 for U.S. dollars.
Ripple and Circle believe in a future where financial ecosystems are interoperable. Bringing USDC — a trusted, regulated stablecoin — directly to the XRPL can help boost the ledger’s utility, expand onchain liquidity, and unlock new avenues for innovation.
“Stablecoins are key entry points connecting traditional financial markets with the crypto space – essential for use cases focused on utility rather than speculation," said Markus Infanger, Senior Vice President, RippleX. “Regulated stablecoins like USDC coming to 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.”
“Launching USDC on the XRPL unlocks new possibilities for developers to build seamless, real-world financial applications,” said Nikhil Chandhok, Chief Product and Technology Officer at Circle. “We are excited for USDC to help drive utility and innovation across the XRPL ecosystem.”
The XRPL is a scalable blockchain purpose-built to provide a strong foundation for stablecoins and institutional-grade DeFi due to its proven reliability, efficiency, and security. Over the past decade, the XRPL has processed over 3.3 billion transactions without failure or security breach since 2012 while supporting over five million active wallets with a network of over 200 validators.
The XRPL's native capabilities, such as a decentralized exchange (DEX) and auto-bridging feature, leverage XRP as an essential bridge currency, facilitating efficient trading with USDC. With low transaction costs and quick global settlements, the XRPL is well-suited to support an abundance of USDC use cases, making it an ideal blockchain for businesses and developers to leverage.
Following the launch, the XRPL community can now leverage USDC for institutional and retail use cases including cross-border payments, remittances, and DeFi applications, helping drive wider adoption of the XRPL. Ripple also intends to continue using USDC alongside RLUSD in its flagship payments solution. To date, Ripple Payments has served $70 billion in payments volume and counting, and has near-global coverage with 90+ payout markets, which represent more than 90% coverage of the daily FX markets.
*The issuer address for USDC is: rGm7WCVp9gb4jZHWTEtGUr4dd74z2XuWhE. *