The Xaman wallet has experienced a significant increase in user engagement, with active weekly users growing by 250% since the summer months.

Renewed Interest in XRP and Ripple USD Stablecoin

This surge is largely attributed to the renewed interest in XRP and the upcoming launch of the Ripple USD stablecoin.

Xaman: A Self-Custodial Wallet

Xaman, formerly known as Xumm, is a self-custodial wallet that facilitates transactions within the XRPL ecosystem.

It has integrated on-ramps and off-ramps through platforms like Uphold's Topper, making it more user-friendly.

Smart Contracts and Ripple's Investment

Xaman also supports smart contracts through Hooks, a functionality developed by XRPL Labs.

The wallet's development has been supported by investments from Ripple's investment arm, Ripplex.

The Importance of Stablecoins

The impending launch of the Ripple USD stablecoin is driving user engagement on Xaman, as stablecoins have become increasingly important for investors seeking stability in the cryptocurrency market.

Favorable Environment for Growth

The current market dynamics, including XRP's rally and the anticipation of the Ripple USD stablecoin, create a favorable environment for growth within the XRPL ecosystem.

Xaman's innovative features and strategic backing position it as a significant player in the cryptocurrency space.