Algorand

USDC

Algorand (<a href="https://x.com/Algorand" rel="noopener noreferrer nofollow">@Algorand</a>) is gaining ground in the stablecoin market while several larger networks lose supply. Its native stablecoin supply now stands at $99.5M, a rise of more than 10% over the past week, according to DefiLlama-based figures for algorand:native.
Other major networks, including <a href="https://x.com/SuiNetwork" rel="noopener noreferrer nofollow">@SuiNetwork</a>, <a href="https://x.com/StellarOrg" rel="noopener noreferrer nofollow">@StellarOrg</a> and the <a href="https://x.com/search?q=%24XRP&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$XRP</a> Ledger from <a href="https://x.com/Ripple" rel="noopener noreferrer nofollow">@Ripple</a>, have all recorded notable reductions in stablecoin supply over the same period. Algorand, backed by the <a href="https://x.com/AlgoFoundation" rel="noopener noreferrer nofollow">@AlgoFoundation</a>, has moved the other way.
<h2 id="supply-approaches-the-100m-mark">Supply approaches the $100M mark</h2>
The latest reading builds on a sharp run. <cite>Algorand's stablecoin market cap grew nearly 25% in a week to $97.07M as of October 21, more than doubling from about $45M in late September</cite>, according to CoinMarketCap's summary of the data. Separate coverage noted that <cite>crossing $100M would put Algorand in a club of only 26 other networks</cite>.
The growth is heavily concentrated in one asset. <cite>USDC makes up 98.5% of the supply</cite>. <cite>USDC on Algorand rose 162.26% in 30 days to $91.26M, from $34.80M</cite>, according to a market data post.
The rise is also a return to earlier levels. <cite>Total stablecoin supply on the chain reached its highest since July 2025</cite> in the most recent reading. Algorand's own ecosystem report for that month put <cite>stablecoin market cap at $78.2 million</cite>.
<h2 id="xrp-ledger-moves-in-the-opposite-direction">XRP Ledger moves in the opposite direction</h2>
The XRP Ledger offers a contrast. <cite>Its total stablecoin market cap contracted 13.19% over the past week to roughly $999.9 million, according to DefiLlama data</cite>. The drop is tied mainly to Ripple's RLUSD: <cite>RLUSD, which holds over 90% of XRPL stablecoin value, fell 14.39% to about $907M as Ripple shifted supply toward Ethereum</cite>.
That points to redistribution rather than a shrinking market. <cite>RLUSD's total circulating supply across all chains remains in the $2.35 to $2.4 billion range</cite>.
Analysts caution that stablecoin supply is a measure of available liquidity, not of usage. CoinMarketCap's summary noted that <cite>it is a measure of potential, not immediate usage, as DEX volume remains low</cite>. With one stablecoin accounting for nearly all of Algorand's supply, the figure could also swing quickly if large holders move funds.
Whether Algorand holds above $100M will show if the inflows reflect lasting demand for the network's payments and tokenized asset infrastructure.
Sources:
<ul>
 <li><a href="https://coinmarketcap.com/cmc-ai/algorand/latest-updates/" rel="noopener noreferrer nofollow">CoinMarketCap: Latest Algorand (ALGO) news update</a></li>
 <li><a href="https://coingape.com/xrpl-stablecoin-market-cap-drops-below-1-billion-after-13-weekly-decline/" rel="noopener noreferrer nofollow">CoinGape: XRPL stablecoin market cap drops below $1 billion</a></li>
 <li><a href="https://algorand.co/blog/july-2025-algo-insights-report" rel="noopener noreferrer nofollow">Algorand Foundation: July 2025 Algo Insights Report</a></li>
</ul>

Algorand is become a dominant force in the stablecoin game.

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Other articles published on Oct 26, 2026

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