Ripple CEO Predicts Stablecoin Market to Soar to $2 Trillion
Main Idea
Ripple CEO Brad Garlinghouse predicts the stablecoin market could grow to $2 trillion, driven by regulatory advancements and Ripple's strategic initiatives like its RLUSD stablecoin.
Key Points
1. Ripple CEO Brad Garlinghouse forecasts the stablecoin market could reach $2 trillion in a few years, citing exponential growth potential.
2. The GENIUS Act's expected passage in the U.S. is a major regulatory catalyst for stablecoin market expansion.
3. Ripple's RLUSD stablecoin, launched in late 2024, has a $500 million market cap and uses BNY Mellon as its primary custodian.
4. Ripple is pursuing full U.S. compliance, including applying for a banking license and a Federal Reserve Master Account.
5. JPMorgan offers a more conservative stablecoin market forecast of $500 billion by 2028, contrasting with Ripple's optimistic projection.
Description
Brad Garlinghouse, CEO of Ripple, has expressed a strong belief that the stablecoin market is poised for exponential growth, potentially surging from its current $250 billion valuation to a staggering $1 to $2 trillion within a “handful of years.” Speaking on CNBC, Garlinghouse highlighted the profound growth already witnessed in the sector and Ripple’s strategic … Continue reading "Ripple CEO Predicts Stablecoin Market to Soar to $2 Trillion" The post Ripple CEO Predicts Stablecoin Market to So...
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