Ripple CEO Suggests Stablecoin Market Could Potentially Grow Tenfold Amid RLUSD Expansion
2025-07-10 04:36:05
Main Idea
Ripple CEO Brad Garlinghouse suggests the stablecoin market could grow tenfold, with Ripple's RLUSD stablecoin gaining momentum through partnerships and regulatory progress.
Key Points
1. The stablecoin market is projected to grow from $250 billion to $1-2 trillion in the coming years.
2. Ripple launched its stablecoin RLUSD in late 2024 and partnered with BNY Mellon to enhance compliance and adoption.
3. Regulatory progress, including the anticipated GENIUS Act, is expected to support stablecoin growth by recognizing them as a legitimate financial instrument.
4. Ripple is pursuing a banking license with the OCC and a Federal Reserve Master Account to strengthen its position in the stablecoin market.
5. XRP's price surged to a seven-week high of $2.42, coinciding with RLUSD's integration with Transak to improve liquidity and cross-border transactions.
Description
Ripple CEO Brad Garlinghouse highlights the remarkable expansion of the stablecoin market, emphasizing Ripple’s strategic partnership with BNY Mellon as custodian for its RLUSD stablecoin. Industry experts predict the stablecoin
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