XRPL’s $1. 34billion 스테이블코인 base doesn’t tell us how much XRP users need
Fees and reserves require XRP, while larger demand depends on routing choices and the balances held in 유동성 or credit products.
Tracked stablecoins on the XRP Ledger totaled $1. 338billion on Oct. 7. For XRP holders, the critical question is how much activity uses the token as principal, and how long users or intermediaries need to hold it.
Fees and account reserves require XRP, the ledger's native token. Stablecoins, tokenized funds and securities records can keep their principal in other assets. Bridge routes and XRP-funded 유동성 pools create a separate reason to hold XRP: inventory available to fill trades or payments.
탈중앙화 금융 Llama'sXRPL dashboardshowed 리플's dollar 스테이블코인 RLUSD accounting for 93. 17% of tracked stablecoins. The same snapshot reported $43. 44million in value locked in 탈중앙화 금융, $3. 91million in 24-hour decentralized-거래소 volume and $528 in 24-hour chain fees.
Each reading measures a different part of the ecosystem. 스테이블코인 supply is a balance, 거래 volumeis turnover, and fees are a cost. Adding them together would mix those units and could count the same assets more than once.
리플's Oct. 1 transparency figuresput total RLUSD circulation at $2, 509. 8million, backed by $2, 633. 8million in reserve funds. These issuer-wi탈중앙화 금융gures cover RLUSD across its supported blockchains. The backing consists of dollars and cash equivalents.
XRPL'sstandard minimum transaction costis 10 drops, equivalent to 0. 00001 XRP, before load scaling. Fees are destroyed. Congestion and special transactions can require more, while an eligible key-reset transaction can be free.
The fee follows the transaction's processing cost. Moving a larger asset value does not, by itself, increase the XRP fee in proportion.
Reserve requirementscreate a different obligation: currently 1 XRP per account and generally 0. 2 XRP per qualifying owned ledger object. The first two trust lines are exempt when an account is funded with just the 1 XRP base reserve; additional funding triggers normal charges.
These balances scale with accounts and objects. They represent XRP held to satisfy reserve rules; transaction fees consume XRP through burning.
Tokenized funds illustrate the distinction. Ondo's tokenized Treasury product OUSG wentlive on XRPL in June 2025with subscriptions and redemptions using RLUSD. In its Aug. 3, 2026 ZILO and Licuido announcement, 리플 likewise described RLUSD as the cash leg for delivery-versus-payment transactions and tokenized funds as collateral.
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출처: CryptoSlate