XRP Ledger Adds EURØP, USDB, XSGD Stablecoins to Ecosystem

The XRP Ledger Foundation announced on June 4 that the XRP Ledger now supports three new stablecoins—EURØP, USDB, and XSGD—broadening on-ledger fiat options for developers and businesses. By wire, these tokens are backed 1:1 with reserves in euros, U.S. dollars, and Singapore dollars respectively, managed by regulated issuers under ESRB-compliant frameworks.

Overview

The newly minted stablecoins bring total XRPL-based fiat equivalents to six, complementing existing USD-backed options like EURT and GBPT. “We’re ensuring XRPL remains the most versatile DLT for multi-currency settlements,” said XRPLF CTO Sarah Nguyen. Initial liquidity pools on decentralized exchange XRPswap are live, with combined liquidity exceeding $45 million within hours.

Stablecoin details

• EURØP: Issued by European regulator-approved custodian and audited monthly. Transaction fees capped at 0.1%.
• USDB: Backed by U.S. Treasuries and FDIC-insured deposits, with on-chain attestation via Chainlink oracles.
• XSGD: Managed by Monetary Authority of Singapore-licensed entity, offering sub-second finality and low transaction fees.

Ecosystem impact

Developers can now program multi-currency payment rails natively on XRPL, leveraging built-in pathfinding and low-slip trust lines. FinTech startups like OnDeck and CrossX have integrated these tokens into cross-border wallets, forecasting a 30% rise in transaction volume over Q2.

Adoption outlook

With regulatory clarity around issuers, enterprises such as RippleNet partners are poised to onboard these stablecoins for merchant settlement and remittance corridors. Gartner predicts that multi-currency DLT volumes on XRPL could surpass $1 billion monthly by year-end, driven by these additions.