The stablecoin sector, once a quiet corner of the crypto world, is gaining increased attention. Ripple CEO Brad Garlinghouse has optimistic projections for this market's growth.
Brad Garlinghouse's Predictions for Stablecoin Growth
Garlinghouse predicts that the stablecoin market will grow nearly tenfold, from $250 billion to $2 trillion in a few years. He noted that this growth is driven by rising institutional demand and regulatory clarity. This view is echoed by U.S. Treasury Secretary Scott Bessent, who also predicts that dollar-pegged stablecoins could reach a $2 trillion market.
Launch of RLUSD and its Achievements
Ripple launched its own stablecoin, RLUSD, in late 2024, a decision driven by strategic considerations. The partnership with finance giant BNY Mellon, which became the primary custodian for RLUSD, confirmed the legitimacy of stablecoins in traditional banking. RLUSD has already surpassed the $500 million market cap and is now available on the Transak platform for 8.3 million users.
Regulation and its Impact on the Market
The recent passage of the GENIUS Act has established a clear framework for the issuance and regulation of stablecoins in the U.S. Experts like Henrik Andersson from Apollo Capital point out that major companies are starting to explore stablecoin payments. Ripple has also applied for a U.S. national bank charter, which will strengthen ties between traditional finance and blockchain.
The steady growth of the stablecoin sector will depend on further regulatory steps and increasing institutional interest. The gradual integration of stablecoins into traditional financial systems may serve as the foundation for significant growth in this segment.
