XRPL Controls 63% of T-Bill Token Supply but Struggles with Trading

Tokenized US Treasuries have approached a significant milestone of nearly $11 billion, highlighting the evolution of the blockchain landscape. The competition among chains is now transitioning from simply creating these tokens to effectively managing their distribution and practical use.

The critical factors to consider include where the yield tokens are actually held, the frequency of their transactions, and their integration into stablecoin collateral processes and settlement systems. Recently, XRP Ledger (XRPL) received two indicators suggesting its intent to become a relevant player in this arena.