- Monad posted the sharpest reported weekly decline, while XRPL retained the largest stablecoin base among the three networks tracked.
- Stellar’s stablecoin base remained diversified, with USDY and USDC accounting for its reported network liquidity during the period.
- XRPL’s stablecoin base remained concentrated in RLUSD, while network activity continued across reported transactions and active addresses.
Stablecoin supply across Monad, Stellar, and XRPL declined this week. The moves show softer dollar liquidity, while all three remain established Layer-1 networks within the tracked ranking.
Monad Posts the Sharpest Weekly Decline
BSCN reported Monad’s supply fell 6.4% during the latest weekly snapshot. Stellar fell 5.1%, and XRPL dropped 3.1% during the same timeframe. The 16th, 14th and 13th ranked networks by supply, respectively.
DefiLlama’s latest Monad data shows about $721.9 million in stablecoins. Its seven-day change currently stands near minus 3.49%. The difference reflects separate measurement times across the two snapshots.
Monad’s contraction needs context when assessing the broader liquidity picture. Supply can change as assets move between chains, applications, exchanges, and wallets. A weekly reduction does not establish a lasting decline in network usage; the snapshot therefore captures movement rather than a fixed liquidity level over time.
The ranking still places Monad among established stablecoin venues. Its position remains behind Stellar and XRPL in the cited snapshot. That gap also shows how weekly movements can alter liquidity rankings.
Stellar Maintains a Diverse Dollar Base
Stellar as of writing holds about $918.7 million in stablecoin market capitalization. DefiLlama records a weekly reduction of roughly $38.1 million, or 3.98%. That reading remains close to BSCN’s reported contraction.
USDY accounts for about 58% of Stellar’s stablecoin market capitalization. USDC provides another substantial portion of the network’s dollar liquidity. The mix therefore spans yield-bearing and conventional dollar assets.
The contraction does not by itself establish weaker network utility. Recent ecosystem activity includes institutional payment initiatives and stablecoin connectivity. Those developments can coexist with short-term changes in token balances.
Stellar’s ranking also remains relatively high among tracked networks. BSCN placed it 14th by stablecoin supply during its snapshot. The weekly decline therefore occurred against an established liquidity base.
XRPL Holds the Largest Base Among Three
XRPL has about $1.09 billion in stablecoin market capitalization, according to DefiLlama. Its seven-day change is near minus 3.05%, broadly matching BSCN’s reported figure. RLUSD accounts for roughly 91.6% of the network’s stablecoin market capitalization.
That concentration makes RLUSD central to XRPL’s liquidity profile. Its supply changes can materially influence the network’s aggregate figures. Other assets, including EURCV and USDC, represent smaller portions.
XRPL also records more than two million daily transactions and over 40,000 active addresses. Its decentralized exchange volume remains modest despite recent weekly growth. These measures provide separate context from stablecoin balances.
XRP as of writing trades around $1.41 according to Coingecko market data. The token price does not directly determine stablecoin balances on XRPL. Its ranking remains ahead of both Stellar and Monad in the cited snapshot.
