The amount of XRP Ledger stablecoin is now 568 million, which is equivalent to a 100% growth in four months, since December 2025.
Meanwhile, small wallets are growing, and this is an indication of greater retail engagement throughout the network.
Retail Wallets Hit Record Levels
Statistics indicate that wallets below 100 XRP have gone to an all-time high of 5.66 million. This expansion is an indication of an expansion of the retail investor base in the XRP ecosystem.
Nevertheless, the market fluctuations do not imply that the smaller holders are not still engaged in the network, regardless of the fluctuations on the lower-end wallet.
On Binance, XRP open interest has reached an all-time low of $372.6 million. In the past, open interest was over 1.7 billion, which was the time when XRP was trading over 3.
The speculative activity and leveraged positions have been subdued by market instability due to the current US-Israel dispute.
Stablecoin Trends in South Korea
As XRP gains retail, the balances of major exchanges in South Korea in stablecoins have declined drastically.
The total assets of Upbit, Bithumb, Coinone, Korbit, and GOPAX dropped to 188 million mid-March 2026, compared to 575m in July 2025.
The fall is associated with the weakening of the Korean won below 1,500 per dollar, which is the worst in 16 years. The traders sold the USDT when the USD/KRW rate improved.
The decline in the stablecoin reserves has also been accompanied by the decline in the stock market, where the Kospi decreased by 6.5% and the Kosdaq by 5.6%.
Global Stablecoin Supply Movements
In March 2026, ERC20 active addresses have increased by about 600,000 compared to 85,000 in March 2025, and it has been steadily growing since 2024.
USDC experienced the biggest growth of supply of 4.5 billion this year, among other tracked stablecoins. Conversely, the USDT supply declined by approximately two billion.
The balance of exchange reserves has decreased by one point seven two percent in 24 hours to 65.37 billion, out of which net outflows are exceeding 485 million.
The statistics indicate that the money is shifting to self-custody wallets instead of coming out of the market altogether.
The total supply of stablecoins is at 316.45 billion, which increased by 0.17% in the week. USDT is based on 184.1 billion, up 0.08%, with USDC at 79.1 billion, down 0.22%.
XRP Ledger is showing good retail expansion and stablecoin circulation, and this indicates the strength of smaller wallets.
The trends of stablecoins around the world indicate that there is a disconnect between the growth of supply and the local market forces.
In spite of the geopolitical and currency instability, the network continues to be engaged with and is used widely by retail investors.
