Ripple CEO Suggests Stablecoin Market Could Potentially Grow Tenfold Amid RLUSD Expansion

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.