Uphold has announced the integration of USD Coin (USDC) on the XRP Ledger (XRPL). This marks the first time a USDC wallet has gone live on XRPL, enabling direct USDC transactions on one of the fastest and most energy-efficient blockchain networks.
This integration brings together USDC, issued by Circle and backed 1:1 by US dollars, with the speed, scalability, and cost-effectiveness of XRPL. Users can now send and receive USDC within XRPL wallets, making the process of remittances, payments, and cross-border finance smoother and more accessible.
“Bringing USDC to XRPL unlocks a high-speed and low-cost ecosystem for stable digital payments,” Uphold stated in its announcement.
We’re bringing you USDC on XRPL!
Enjoy the flexibility of moving your $USDC to your Uphold and external XRPL wallet.
The XRP Ledger is designed to connect financial institutions, payment providers, and individuals, enabling fast and low-cost cross-border crypto transactions pic.twitter.com/gpY0mtj3lO
— Uphold (@UpholdInc) June 19, 2025
A Strategic Launch Aligned With Upcoming Regulation
The timing of this launch coincides with a significant shift in U.S. regulatory policy. On June 18, 2025, the U.S. Senate passed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS Act), a bill that creates a comprehensive framework for fiat-backed stablecoins such as USDC.
The legislation covers key aspects like licensing, transparency, and reserve requirements, developments that could further institutionalize and legitimize stablecoins in mainstream finance. Uphold’s move to introduce USDC on XRPL aligns with these regulatory advances, setting the stage for greater compliance and utility.
According to Circle, this regulatory clarity is essential to expand the use of stablecoins in broader areas like payroll, fintech, and treasury services.
Burned XRP and XRPL’s Deflationary Edge
Simultaneously, the XRP Ledger has hit a notable milestone: more than 13.8 million XRP have now been permanently burned through network fees. Unlike other chains, where fees go to miners or validators, XRPL’s fees are destroyed, reducing the token supply.
Although this is a small fraction of the 100 billion total XRP supply, the deflationary mechanism reflects active network usage and adds long-term value to the ecosystem. Combined with its energy-efficient consensus protocol, this makes XRPL an attractive platform for issuing and transferring digital assets.
A Developer Gateway to DeFi and Payments
For developers, the availability of USDC on XRPL opens up opportunities to build decentralized finance (DeFi) applications, remittance tools, and payment solutions using a stable, fast, and environmentally friendly blockchain. This merger of a trusted stablecoin with a proven ledger could catalyze more real-world blockchain applications.
The integration is not only a leap forward for the Pi Network community but also sets a precedent for the kind of utility stablecoins can offer when combined with efficient infrastructure.
Conclusion
Uphold’s USDC integration with XRPL offers a compelling combination of regulatory readiness, stable value, and fast settlement. As the GENIUS Act advances and adoption accelerates, this move could signal the beginning of a new era in regulated digital finance.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are volatile and risky. Always conduct your research before making any investment decisions.
