- The supply of XRP stablecoin increased by 25.2% to $1.03 billion, where almost all of the reported balance is RLUSD.
- Inflows into global XRP ETPs rose 355.3 million USD in the last quarter, while AUMs increased to 3.32 billion USD.
- Tokenized RWA value reached $498.7 million, while native DEX volume rose 20.2% to $614.8 million during Q3.
The financial activity of XRP Ledger increased in Q3 2026, supported by the development of stablecoin adoption, inflows from investors and the development of the market of tokenized assets.
Stablecoin Supply and RLUSD Lead Ledger Growth
According to The official XRP account, the supply of stablecoins is consistent at $1.03 billion in the Q3 2026. This is 25.2% higher than in the same quarter last year. The expansion places stablecoins among the strongest areas of ledger activity.
RLUSD accounted for approximately $1.01 billion of the reported supply. Its balance increased 49.7% during the quarter, giving it 98.1% market share. This leaves the ledger’s stablecoin market heavily concentrated in one asset.
Stablecoin transfer volume also increased during the reporting period. The total amounted to $14.09 billion, up 39.5% from the prior quarter. Transfer volume is unlike supply and it is a measure of value transferred between addresses over time.
These figures are important to compare when considering network activity. A stablecoin balance is a value that is kept on the ledger at a certain time. Transfer volume records transactions that move those assets between participants.
XRP Investment Products Attract Larger Inflows
Net inflows to global XRP ETFs totaled $355.3 million. This is 39.6% higher than the last quarter. The total value of assets under management rose to $3.32 billion from $2.01 billion.
The issuer chart includes products from Bitwise, 21Shares and Franklin Templeton. Canary Capital, Volatility Shares and other providers also appear in the comparison. The stacked bars show contributions from several issuers across the reported periods.
The graphic indicates that XRP investment products have gained a wider market presence. The cropped chart, however, does not give exact numbers of individual issuers. It therefore offers no reliable basis for ranking their respective quarterly contributions.
The accompanying financial panel lists XRP at $1.49. It also shows a 40.9% quarterly increase in the reported price. XRP ETP inflows and assets under management provide separate measures of investment demand.
Payments and Tokenized Assets Expand Across XRPL
Payment volume increased 4.3% during Q3, reaching 42.82 billion XRP. Native decentralised exchange volume climbed 20.2% to $614.8 million. Both figures point to higher value moving through different ledger functions.
However, payment volume growth did not coincide with more payment transactions. Payment transaction count reportedly fell 33.6% during the quarter. Total network transactions also declined 8.6%, reaching 203 million.
This difference shows why transaction value and transaction count require separate consideration. Larger transfers can lift payment volume even when fewer transactions occur. The quarterly figures therefore present mixed results for everyday network activity.
Tokenized real-world asset value reached $498.7 million, increasing 29.2%. Aviva also launched a tokenized fund with BNY Mellon during the period. The development brings established financial institutions into the ledger’s tokenization activity.
The Blockworks graphic separately displays a $4.75 billion tokenized RWA figure. That is a significantly lower distribution value, compared to the $498.7 million reported. Figures should not be considered as equivalent without matching definitions. Overall, Q3 showed growth in stablecoins, investment products and tokenized assets. Payment counts declined, however, despite higher transferred value across the network.
