XRP Ledger Holds 63% of Tokenised US Treasury Supply

TheNewsCryptoPublicado em 2026-02-17Última atualização em 2026-02-17

Resumo

The XRP Ledger (XRPL) currently holds 63% of the total tokenized US Treasury supply, with an issuance volume of 54.41 million, surpassing networks like Ethereum. Despite this dominance in issuance, transfer activity on XRPL remains minimal, with monthly TBILL transfers amounting to only $200—just 0.003% of the activity seen on other major blockchains. This highlights a significant imbalance between issuance and usage. Recent developments, including collaborations with Aviva Investors and OpenEden, aim to boost real-world asset tokenization on XRPL. The coming months are seen as critical for assessing XRPL's performance in the tokenized treasury market.

The XRP Ledger now shelters two-thirds of overall tokenised US Treasury bills. As per the recent reports, the XRP-associated blockchain platform owns around 63% of the overall treasury token supply.

The data unveils that the XRPL is heading the tokenised US Treasury bills, holding around 63% of the overall supply. This milestone is significant to note, as XRP Ledger’s treasury token issuance volume has attained 54.41 million, crossing prominent networks such as Ethereum.

Regardless of this issuance dominance, the transfer activity on the XRP Ledger is minimal when contrasted with different blockchain giants. The monthly TBILL transfer volume on XRPL attains just $200 as per the reports, at the time when Ethereum and other chains run millions of transactions.

This shows that just a marginal 0.003% activity occurs on the XRP Ledger. This imbalance highlights a prominent challenge facing XRPL. However, the platform controls the overall TBILL issuance; the treasury tokens on XRPL are hardly used.

However, some blockchains are being used as main issuance platforms; others, however, serve as the main channel for trading. It is noteworthy that this comes closely following Binance’s listing of XRPL’s RLUSD stablecoin. As per the reports, the crypto exchange publicised the listing on February 12.

What Does The Latest Report Say?

It is noteworthy that two prominent developments underscore the growth of XRPL’s tokenised treasuries. These advancements comprise Aviva Investors’ large-scale fund tokenisation and OpenEden’s TBILL token.

As per the latest report, Aviva investors collaborated with Ripple to explore tokenisation funds on XRPL. Doppler Finance publicised a collaboration with OpenEden to open up more yield opportunities for XRP and rLUSD holders on the XRP Ledger.

By amalgamating OpenEden’s tokenised real-world asset infrastructure into Doppler’s yield protocol, the platform has prominently impacted the growth of tokenised treasuries on the chain.

As per the industry experts, the upcoming one to three months are crucial to look after, as these months will indicate how XRPL performs in the tokenised treasury market.

Highlighted Crypto News Today:

Shiba Inu Tokens Left Unburned, SHIB Price Sees Daily Drops After Weekly Gains

Perguntas relacionadas

QWhat percentage of the overall tokenised US Treasury supply does the XRP Ledger hold?

AThe XRP Ledger holds 63% of the overall tokenised US Treasury supply.

QHow does the monthly transfer volume of TBILL on XRPL compare to other blockchains like Ethereum?

AThe monthly TBILL transfer volume on XRPL is minimal, reaching only about $200, while blockchains like Ethereum process millions of dollars in transactions.

QWhat two recent developments are highlighted as key to the growth of XRPL's tokenised treasuries?

AThe two key developments are Aviva Investors' large-scale fund tokenisation in collaboration with Ripple, and OpenEden's TBILL token in collaboration with Doppler Finance.

QWhat recent listing by Binance is mentioned in relation to the XRP Ledger?

ABinance recently listed XRPL's RLUSD stablecoin, with the announcement made on February 12.

QWhat does the minimal transfer activity on XRPL indicate despite its high issuance volume?

AThe minimal transfer activity, which is only about 0.003%, indicates that while XRPL controls most of the TBILL issuance, the treasury tokens on its platform are hardly being used for transactions.

Leituras Relacionadas

IREN's Insanity: Selling Miners, Buying GPUs, Stock Price Up 16%

IREN, a Bitcoin mining company, saw its stock price surge 16% after releasing its quarterly earnings on May 8th. The surge was not driven by Bitcoin's price, but by the company's radical strategic shift away from cryptocurrency mining and towards AI infrastructure. The company reported a $140 million impairment charge after decommissioning and listing for sale 5,800 of its Bitmain S21 Pro mining rigs. It also maintains a policy of selling all mined Bitcoin daily, holding zero crypto assets. Despite this dismantling of its core business, investor sentiment was positive due to IREN's aggressive pivot into AI. This shift is backed by massive, long-term contracts. IREN announced a new 5-year, $3.4 billion collaboration with NVIDIA, which includes an equity investment commitment. This follows a previously secured 5-year, $9.7 billion GPU cloud services agreement with Microsoft. To support these deals, IREN acquired European data center capacity and cloud software capabilities. Management targets 480 megawatts of AI capacity, 150,000 GPUs, and $3.7 billion in annual recurring revenue by late 2026. While other North American miners are exploring hybrid "mining + AI" models, IREN is making a clean break, betting entirely on the booming demand for AI compute power. The move highlights a broader industry trend where the value of mining hardware is declining while GPU-based AI infrastructure is in critically short supply.

marsbitHá 6m

IREN's Insanity: Selling Miners, Buying GPUs, Stock Price Up 16%

marsbitHá 6m

Saylor Says Strategy’s Bitcoin Credit Model Is Not A Ponzi Scheme

Michael Saylor defended MicroStrategy's Bitcoin-backed credit model against criticisms that it resembles a Ponzi scheme, emphasizing the company monetizes Bitcoin's capital gains rather than relying on perpetual equity issuance. He clarified his famous "never sell your Bitcoin" stance, stating the more precise strategy is to never be a *net seller*. The company's recent announcement that it might sell Bitcoin to fund dividends on its STRC preferred instrument sparked debate. Saylor explained the core model: issuing credit to buy Bitcoin, expecting its long-term appreciation to exceed dividend costs, analogous to a real estate firm. He argued that even if Bitcoin is sold for dividends, ongoing credit issuance ensures the company remains a net buyer, especially if Bitcoin appreciates more than the dividend yield. Saylor dismissed critics like Peter Schiff, stating their objections stem from rejecting Bitcoin's legitimacy itself. He described STRC as overcollateralized "digital credit" designed to offer yield while mitigating volatility.

bitcoinistHá 7m

Saylor Says Strategy’s Bitcoin Credit Model Is Not A Ponzi Scheme

bitcoinistHá 7m

Dissecting Circle's Q1 Earnings Report: After the Interest Rate Dividend Ebbs, USDC Prepares for a Big Chess Game

Title: Circle Q1 2026 Earnings: Shifting Strategy as Interest Rate Windfall Subsides Circle reported its Q1 2026 financial results. While total revenue and reserve income of $694M slightly missed expectations, adjusted EBITDA grew 24% to $151M. A key trend is the decline in reserve income due to lower Federal Reserve interest rates, which Circle is countering by diversifying its revenue streams. Notably, non-interest "Other Revenue" hit a record $42M. USDC's circulation reached 77 billion, up 28% year-over-year, but its on-chain transaction volume surged 263% to $21.5 trillion, indicating significantly higher utilization in payments and DeFi. Financially, the core RLDC Margin improved to 41%, showing better cost control. However, operating expenses nearly doubled, partly due to post-IPO stock compensation costs. Looking ahead, Circle is expanding beyond being a simple stablecoin issuer. It highlighted the $222M presale for its Arc Network (valued at $3B) and launched new services like Managed Payments and the "Agent Stack" for AI-driven commerce. The company's strategy is evolving to position USDC as the foundational dollar network for the internet, targeting broader payment, enterprise, and AI agent economies.

marsbitHá 32m

Dissecting Circle's Q1 Earnings Report: After the Interest Rate Dividend Ebbs, USDC Prepares for a Big Chess Game

marsbitHá 32m

Deciphering Circle's Q1 Financial Report: After the Interest Rate Dividend Ebbs, USDC Is Planning a Grand Strategy

Circle's Q1 2026 financial report shows total revenue and reserve income of $6.94 billion, slightly below expectations, with net profit at $550 million, down 15% year-over-year. The company attributes the slowdown in revenue growth to declining reserve asset yields following a Federal Reserve rate cut. However, other revenue streams reached a record $420 million, indicating a diversification away from interest dependence. Key operational highlights include USDC's circulating supply reaching 77 billion, a 28% annual increase, while its on-chain transaction volume surged 263% to $21.5 trillion, showing significantly higher usage frequency. Circle's core RLDC Margin improved to 41%, reflecting better cost control. Looking beyond interest rate reliance, Circle is expanding into new areas. Its Arc Network completed a $2.22 billion ARC token presale at a $30 billion valuation. The company also launched Agent Stack, an infrastructure suite for AI Agent economies, and its Circle Payments Network (CPN) shows an estimated annual transaction volume of $83 billion. The report suggests Circle's strategy is evolving from merely issuing a stablecoin to building USDC into a foundational dollar network for the internet, targeting cross-border payments, enterprise settlement, and the emerging AI-driven economy.

Odaily星球日报Há 35m

Deciphering Circle's Q1 Financial Report: After the Interest Rate Dividend Ebbs, USDC Is Planning a Grand Strategy

Odaily星球日报Há 35m

Virtuals Is Not Really Doing AI Agent, But the Capital Market for AI Agent

Virtuals is not fundamentally an AI Agent platform, but a capital market for AI Agents. Its core innovation is transforming AI Agents from functional tools into tradable assets that can be issued, owned, traded, and community-driven. This creates a Crypto-native growth model: narrative drives asset creation, speculation fuels initial distribution, and community members become stakeholders, fostering viral spread. The project is evolving beyond being a simple launchpad. Through its Agent Commerce Protocol (ACP), it aims to build a commercial network where Agents can collaborate, provide services, and settle payments on-chain. The concept of "Agentic GDP" (aGDP) is introduced to measure this ecosystem's economic activity. While early growth was heavily fueled by speculation and a Base chain ecosystem, Virtuals now faces a critical juncture. Market attention is shifting from its ability to generate hype to its capacity to foster real, sustainable commercial activity among Agents. Its long-term success hinges on proving that these tokenized Agents can form a genuinely productive and autonomous economy, moving beyond being merely high-volatility AI assets.

marsbitHá 1h

Virtuals Is Not Really Doing AI Agent, But the Capital Market for AI Agent