XRPL Stablecoin Market Hits $1.1 Billion Amid XRP Monthly Rebound

Stablecoin supply on the XRP Ledger has climbed to $1.126 billion, coinciding with a 29.7% monthly recovery for XRP. As of September 11, XRP traded near $1.32 following an 8.7% decline over the previous week. Additionally, decentralized exchange volume on the XRPL reached $253.1 million over the last 30 days, more than double the volume of the preceding period, though weekly activity has recently cooled.