Ripple CEO Drops Bomb On Stablecoin Market, Is RLUSD The Savior?
Main Idea
Ripple CEO Brad Garlinghouse discusses the potential of RLUSD stablecoin to dominate the market, highlighting its growth and regulatory plans.
Key Points
1. Ripple CEO Brad Garlinghouse predicts the stablecoin market could grow significantly, with RLUSD poised to play a major role.
2. Tether’s USDT currently leads the stablecoin market with a market cap of almost $160 billion.
3. Ripple has applied for a national banking license with the OCC to regulate RLUSD under US financial authorities.
4. Garlinghouse emphasizes the importance of regulatory clarity and trust for the stablecoin market's growth.
5. RLUSD's market cap has increased by over 3% in the last 24 hours, reaching $517 million.
Description
Ripple CEO Brad Garlinghouse has discussed the current state of the stablecoin industry and how much the industry could be worth in the next few years. He also commented on why his firm’s RLUSD stablecoin has the potential to dominate the market at some point. Ripple CEO Breaks Silence On Stablecoin Market Growth In a CNBC interview , the Ripple CEO noted that the stablecoin market is worth around $250 billion and that many predict that it could grow to between $1 trillion and $2 trillion over t...
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