Ripple's CEO Predicts a Trillion-Dollar Surge in the Stablecoin Market

Ripple CEO, Brad Garlinghouse, predicts that the stablecoin market could potentially expand to a value between one and two trillion dollars, from its current $260 billion. This growth, driven by an increasing interest from major corporations and top-tier banks, is expected to take place within the next few years. Ripple's own USD-backed stablecoin, RLUSD, which was launched in December 2024, has been rapidly growing within the stablecoin market. RLUSD is expected to comply with forthcoming bipartisan legislation, the GENIUS Act.

The Bank of New York Mellon, a major US custody bank, will manage the USD cash and Treasury bills that underpin RLUSD. However, J.P. Morgan remains skeptical, estimating the stablecoin sector to only reach $500 billion by 2028 due to the lack of widespread use of stablecoins.