Uphold has revealed that it has integrated USD Coin (USDC) on the XRP Ledger (XRPL) in a move that will help to expand the digital finance ecosystem significantly.
It’s the first time a USDC wallet has been integrated into this ecosystem on the XRP Ledger, which means people can send and receive USDC directly in and out of XRP Ledger wallets. It links one of the top stablecoins with one of the fastest and most efficient blockchain networks.
Introduced by Circle and supported by fully reserved US dollars, USDC has evolved into an accessible stablecoin for payments, trading, and DeFi. Operating on the XRPL also confers the speed and scalability required to access even more users globally.
This will further enhance Uphold’s speed, fee, and interoperability-centric multi-asset platform position. Now, people can smoothly and conveniently send money for remittance, personal finance, or business.
It’s also a good tool for developers and entrepreneurs. They can develop apps or services that accept USDC on XRPL, making blockchain-based financial tools more accessible.
New regulation strengthens trust in USDC and stablecoins
The strategic combination comes at a time of significant change in the regulatory environment in the US. On June 18, American legislators introduced the Genius Act, which was designed to establish a federal framework for regulating fiat-backed stablecoins such as USDC.
The Genius Act includes better licensing, disclosure, and reserve requirement parameters. The act should boost legitimate companies like Circle, the issuers of which will be seen as more credible and trustworthy in mainstream eyes.
This institutional maturity is the introduction of USDC on XRPL by Uphold. Businesses receiving that guidance will have a clearer direction on complying with US law and financial best practices when using stablecoins.
As the regulation progresses, stablecoins like USDC will evolve from tools for crypto traders to trusted components of the global financial infrastructure for payments, fintech, payroll, and treasury operations.
This might even push more adoption of XRPL as a network for regulated digital assets.
XRP ledger hits key deflationary milestone
Meanwhile, the XRP Ledger nears an imminent epoch of massive deflation. More than 13.8 million XRP were burned this way as of June 2025.
This burn has been hard-coded in the XRPL protocol from the very beginning. Each time you make a transaction, there is a small fee, and that fee is not paid out to miners or validators but is burned, thus effectively taking XRP out of circulation.
This would eventually reduce supply and contribute to value growth and longevity.
While 14 million XRP is not much when you consider that there are 100 billion that will ever exist at one point, it can illustrate a steadfast network use case, not to mention the continued working deflationary nature.
Fast-finalizing, low-cost, green, deflationary aspects of XRPL provide an attractive venue to issue stablecoins and tokenize assets.
Now that USDC is on XRPL through Uphold, you have a stable digital dollar and a network with no speed, efficiency, or value shortages.
For developers, that also unlocks the ability to release payment applications, remittance tools, and DeFi protocols, which merge stable value with the speed of blockchain.
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