Digital payments platform Uphold has integrated USD Coin (USDC) onto the XRP Ledger (XRPL), enabling seamless transfers of the widely used stablecoin between Uphold accounts and external XRPL wallets.
The development comes amid rising momentum for stablecoins and a decisive shift in United States digital stablecoin regulation.
Stablecoin Integration Follows Policy Breakthrough
By linking Circleโs USDC with the XRP Ledger, a blockchain known for its low fees and near-instant settlement, Uphold users can now move stablecoins more efficiently, without the friction typically associated with cross-chain or cross-border transactions.
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The move coincides with a major legislative moment: the United States Senateโs recent passage of the Genius Act, a federal framework for fiat-backed stablecoins like USDC. The law is designed to clarify how stablecoins are issued and used, signaling a move toward tighter oversight and institutional adoption.
Circle, the company behind USDC, has welcomed the law as a way to foster innovation and stability in digital payments.
Upholdโs integration of USDC on XRPL follows this regulatory shift, positioning the XRP Ledger as a viable platform for stablecoin transfers under the new framework.
Deflationary Ledger Gains Attention
Meanwhile, the XRP Ledger (XRPL) continues to attract interest for its deflationary mechanism, which burns a small amount of XRP with each transaction.
Nearly 14 million XRP have been permanently removed from circulation through transaction fees. A small portion of the total 100 billion supply, but still a step toward reducing inflation and reinforcing the networkโs long-term sustainability.
Why It Matters
As stablecoins continue to gain traction, developments like Upholdโs USDC integration on XRP Ledger (XRPL) highlight a shifting landscape in digital finance, where speed, cost-efficiency, and regulatory alignment are becoming essential pillars.
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People Also Ask:
XRP Ledger (XRPL) is a decentralized, open-source blockchain platform designed to connect financial institutions, payment providers, and individuals, enabling fast, low-cost, and secure digital payments and asset transfers. It was created by Ripple Labs and launched in 2012.
XRPL uses a consensus protocol rather than traditional mining, allowing for near-instant settlement and lower energy consumption compared to proof-of-work systems.
Key benefits include low transaction fees, fast settlement times (3โ5 seconds), and support for issuing custom tokens, like stablecoins.
Ripple is a private company that uses XRPL in its payment products, but the ledger itself is decentralized and community-driven.
While XRPL itself is not regulated, assets issued or transferred on the network (like stablecoins) may be subject to financial regulations, especially in jurisdictions like the United States.
