Ecena’s USDE exceeded supply by more than $11.7 billion. This is a number that stands out shoulder to shoulder with the largest dollar-covered coins, and that alone is enough, but what really stands out this week is the green light of Ecena’s Risk Committee, where XRP now fits its secondary profile.
In other words, a token that has been imagined for years as bank rails may find the first large-scale use in the dollar system, which holds one of the biggest stub coins there.
The checklist that allows this is not easy, but it is not something that many assets can pass on either.
Other assets approved under the new framework:
XRP and hype meet all thresholds → immediate onboarding candidate
– Ethena Labs (@ethena_labs) August 22, 2025
To use it as collateral for USDE, assets must be ordered with more than $1 billion in public interest, daily volumes above $100 million, and deep enough to take the size without bending the market. BNB is approved today and XRP is currently being teased as the next asset to clear all bars.
Not surprising, it’s XRP
The XRP price is $2.80 and the market value is $166 billion, with an exchange total exceeding more than $5 billion a day. These numbers mean there is the fluidity and activity needed to sit within the USDE system. This already casts hundreds of millions a week, paying nearly 9% in piling positions.
Ethena has already recorded interest revenue of $500 million. Of that, $13.4 million was clearly hot last week on the Stablecoin machine.
XRP holders have always thought that a large-scale publication would ultimately come from using it to resolve payments on a large scale. However, the actual paintings are painted differently. Perhaps the biggest role of XRP is to help support the Stablecoin infrastructure, which is currently built at the forefront of the market, rather than the old finances.
