Baselight
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WITH stablecoin_metrics AS (
    SELECT 
        CASE 
            WHEN code = 'RLUSD' AND meta_issuer_name = 'Ripple' THEN 'RLUSD (Ripple)'
            WHEN code = 'USD' AND meta_issuer_name = 'GateHub' THEN 'USD (GateHub)'
            WHEN code = 'USD' AND meta_issuer_name = 'Bitstamp' THEN 'USD (Bitstamp)'
            WHEN code = 'USDC' AND meta_issuer_name = 'Circle' THEN 'USDC (Circle)'
            WHEN code = 'USDT' THEN 'USDT (Tether)'
            ELSE CONCAT(code, ' (', COALESCE(meta_issuer_name, 'Unknown'), ')')
        END as stablecoin_name,
        holders,
        trustlines,
        supply,
        marketcap,
        price,
        createdat,
        -- Stability metrics (how close to $1 equivalent)
        ABS(price - 0.32) as price_deviation_from_peg,  -- Assuming ~0.32 XRP = $1
        CASE 
            WHEN price BETWEEN 0.30 AND 0.34 THEN 'Stable'
            WHEN price BETWEEN 0.25 AND 0.40 THEN 'Moderate Deviation'
            ELSE 'High Deviation'
        END as peg_stability
    FROM @xrpscan.xrp_ledger.tokens
    WHERE (code LIKE '%USD%' OR code = 'RLUSD')
      AND holders > 1000  -- Filter for significant tokens
)

SELECT 
    stablecoin_name,
    holders,
    ROUND(supply, 0) as supply,
    ROUND(marketcap, 0) as market_cap,
    ROUND(price, 6) as price_in_xrp,
    peg_stability,
    ROUND(price_deviation_from_peg, 6) as deviation_from_usd_peg,
    -- Market share calculations
    ROUND(holders * 100.0 / SUM(holders) OVER(), 2) as holder_market_share_pct,
    ROUND(supply * 100.0 / SUM(supply) OVER(), 2) as supply_market_share_pct,
    createdat as created_date,
    CASE 
        WHEN stablecoin_name LIKE '%RLUSD%' THEN 'Ripple Official Stablecoin'
        WHEN stablecoin_name LIKE '%GateHub%' THEN 'Gateway Provider'
        WHEN stablecoin_name LIKE '%Bitstamp%' THEN 'Exchange Issued'
        WHEN stablecoin_name LIKE '%Circle%' THEN 'Major Stablecoin Provider'
        ELSE 'Other Provider'
    END as issuer_category
FROM stablecoin_metrics
ORDER BY holders DESC;
stablecoin_nameholderssupplymarket_capprice_in_xrppeg_stabilitydeviation_from_usd_pegholder_market_share_pctsupply_market_share_pctcreated_dateissuer_category
RLUSD (Ripple)3549488905271308846960.347389Moderate Deviation0.02738942.762.712025-01-09 10:29:28.08+00Ripple Official Stablecoin
USD (GateHub)20252533323518078940.338986Stable0.01898624.40.162025-01-09 10:29:28.078+00Gateway Provider
USD (Bitstamp)73131015436635354890.348174Moderate Deviation0.0281748.810.312025-01-09 10:29:28.079+00Exchange Issued
LUSD (nan)619799619953731920.000003High Deviation0.3199977.4730.382025-01-09 10:29:28.088+00Other Provider
USD (SnapSwap)44536741581nullnullHigh Deviationnull5.360.212025-01-09 10:29:28.087+00Other Provider
USDC (GateHub)20559569533310000.34589Moderate Deviation0.025892.480.032025-01-09 10:29:28.077+00Gateway Provider
USDT (Tether)202016332328120High Deviation0.322.434.982025-01-09 10:29:28.097+00Other Provider
USDT0 (nan)20079999999971062000.000106High Deviation0.3198942.4230.52025-04-30 15:38:25.806+00Other Provider
USDT (Tether)11296432302218360.344878Moderate Deviation0.0248781.360.022025-01-09 10:29:28.107+00Other Provider
USDC (Circle)1080645069922400500.347257Moderate Deviation0.0272571.30.22025-04-17 21:38:34.392+00Major Stablecoin Provider
USDC.axl (nan)100810000000003000000.0003High Deviation0.31971.2130.52025-07-01 13:38:26.42+00Other Provider

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