XRP (XRP) vs USDC (USDC)

The XRP Ledger is a distributed digital payment network that operates on a peer-to-peer basis, designed to facilitate international money transfers, making them faster and cheaper for banks and financial institutions. The native currency of this network is XRP, used to conduct payments and pay transaction fees. The XRP Ledger is supported by various independent organizations, the most famous of which is Ripple, an American company that has raised nearly $300 million in total.

USDC is a stablecoin, meaning it is a stable cryptocurrency aimed at replicating the value of the US dollar (USD). Launched in 2018 by the company Circle, USDC is one of the most widely used centralized stablecoins by investors. Each USDC is backed by one US dollar held in cash or equivalent assets. Circle's reserves are audited and made public on a monthly basis. In 2024, Circle became the first stablecoin issuer to comply with the MiCA regulation in Europe.