Ripple CEO Highlights Stablecoin Boom: “RLUSD Could Lead the Market”
Ripple CEO Brad Garlinghouse has spotlighted the explosive growth of the stablecoin market, stating it’s a sector that can no longer be ignored. Speaking with CNBC, Garlinghouse noted that the current $250 billion stablecoin market could surge to $1–2 trillion in the coming years — with some projections even aiming as high as $3.7 trillion by the decade's end.
🚀 The Rise of RLUSD
Ripple recently entered the stablecoin space with its USD-backed token, RLUSD, designed primarily for institutional use. While Garlinghouse admits Ripple entered the game later than others, RLUSD has quickly gained traction — reaching a market cap of $517 million, up 3% in just 24 hours (CoinMarketCap).
🏦 Regulation Sets Ripple Apart
Ripple is seeking a national banking charter from the OCC, and its RLUSD will be regulated under both the US OCC and the New York Department of Financial Services — setting a new industry standard for trust and compliance. Garlinghouse emphasized that regulatory clarity and transparency are central to Ripple's long-term vision.
💼 Institutional Confidence & Reserve Backing
Ripple is partnering with BNY Mellon to hold RLUSD’s USD reserves, aiming to strengthen institutional trust in the asset.
Garlinghouse stated with confidence:
> “Our focus on compliance and regulation positions RLUSD to become the most trusted stablecoin in the market.”
With the stablecoin race heating up, Ripple is clearly positioning itself not just to compete — but to lead.