Circle Launches USDC Stablecoin on the XRP Ledger

The Layer 1 blockchain XRP Ledger (XRPL) mainnet adopted the stablecoin USDC one week after its issuer, Circle, went public, marking further adoption of the world's second-largest stablecoin by supply. 

Circle's institutional stablecoin creation platform, Circle Mint, and its developer-focused Circle API now support USDC on the XRPL, bolstering USDC's liquidity on the network, according to a press release issued on Thursday by the company. 

The XRP Ledger is associated with the cross-border payment company Ripple. As XRPL expands its stablecoin offerings with USDC, the blockchain also plans to launch an Ethereum Virtual Machine (EVM) sidechain in the second fiscal quarter of 2025, The Block previously reported. 

XRP, the native token of XRPL, is the fourth-largest cryptocurrency by its market capitalization of $131.8 billion. The token was trading at $2.24 at the time of writing, having decreased 3.41% in the past day, and generated $2.2 billion in 24-hour trading volume. The Block's XRP Price Page shows. 

After attempting to go public since at least 2021, Circle completed its initial public offering on June 5. The firm shares soared to $90 shortly after going live, marking a nearly 200% increase from its IPO stock price of about $30, The Block previously reported. 

Circle's stablecoin USDC comprises about 25% of the total 240 billion stablecoin supply, second only to Tether's dollar-pegged asset USDT, which accounts for 65% of the supply. 

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Shiba Inu loses 92%: What happened?

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Strategy’s Bitcoin STRD launches on Nasdaq

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Litecoin (LTC) has suffered a decline in the past 24 hours as the price continues to nose-dive amid bearish sentiment. The development comes as the coin’s Bollinger Band signals the bearish sentiment could linger for some time.

Litecoin technical indicators turn bearish

Notably, the 20-day moving average on Litecoin’s Bollinger Bands reveals that the price is pointing downward after breaching the support formed by the middle band. This indicates that the overall sentiment in the Litecoin ecosystem remains bearish.LTC Daily Price Chart | Source: TradingView via CoinMarketCap">

If this trend continues and nothing forces it to change course, the coin could continue on this downward path, which might trigger another LTC downturn soon.

According to CoinMarketCap data, Litecoin is changing hands at $89.26, representing a 3.59% decline in the last 24 hours. Investors have also pulled back amid the declining price, as trading volume has dropped by 3.51% to $425.29 million within the same time frame.

Litecoin peaked at $94.01 before market volatility plunged it to a low of $88.24. However, the coin’s $88 support level held as it rebounded to the current price.

Meanwhile, per the insight from the Bollinger Bands indicator, LTC could plunge to $83.19 if the trend lingers, except for Litecoin bulls forcing a resistance.

Can Litecoin's history spark rebound?

Litecoin is flashing bearish signals, marking a shift from the 12% price gain it experienced one day in May. Notably, LTC had soared in value to over $90 despite delays by the U.S. Securities and Exchange Commission (SEC) in approving applications for its exchange-traded fund (ETF).

The development highlights the volatility in the digital asset market space and how fluctuations could impact its price trajectory.

Despite the bearish sentiment, Litecoin market participants anticipate a rebound based on historical trends. Litecoin had an average growth rate of 8.86% in June, and a repeat of history could see the coin hit $97.17.

Popular cryptocurrency XRP is at a crossroads, and as you can see from the chart, there is not a lot of room for hesitation. At the moment, the token is trading at around $2.24, and it is pushing up against the midline of its Bollinger Bands. Basically, this is a zone that has now become a make-or-break line for short-term trends.

The upper band is at around $2.38, just over 6% above current levels. If there is a clean surge into that range, that is the "do" scenario — a breakout toward higher ground, showing that buyers are back in control.

Typically, that kind of move is a sign that the trend is getting stronger, and it has not happened for weeks.TradingView">

But if the bulls cannot force that breakout soon, the setup will quickly turn bearish. If the XRP price does not manage to stay above the midline, it will probably dip back below the dynamic support level, which could drag it down to the lower band near $2.10. That would be the "die" scenario — a slow bleed that could unwind the recent gains and reset the entire trend.

The last few times XRP hit similar setups, it did not stay quiet for long and, at the moment, it is all about conviction. The bulls need to make their move — and soon. If they hesitate or the volume thins out, the next leg could tilt lower by default. Either way, this range will not last.

For XRP, the next few days are going to be anything but ordinary — they are going to be a real roller coaster. Do or die.