From Cointelegraph

June 12, 2025 1:56 PM:

Circle’s USDC stablecoin now available on XRP Ledger, allowing users to transfer stablecoins between DEXs using XRP. USDC support on XRPL coincides with US push for stablecoin regulations due to $237B market cap. Stablecoins seen as key to connecting traditional finance with crypto utilities, not speculation. Overcollateralized stablecoin issuers buying short-term US Treasury bills to back digital fiat tokens. US lawmakers view stablecoins as a way to combat de-dollarization and offloading of US government debt. Sovereign powers dumping US debt leads to higher bond yields and debt service costs. US Treasury Secretary prioritizing stablecoin development to protect dollar hegemony. Critics like Max Keiser believe stable tokens backed by gold will outcompete dollar-pegged stablecoins due to gold’s high stock-to-flow ratio.

Read more at Cointelegraph: Circle’s USDC Stablecoin Debuts on Ripple’s XRPL