Ripple CEO Predicts Stablecoins Will Skyrocket to Trillion-Dollar Dominance
Stablecoins aren't just surviving—they're gearing up to eat traditional finance's lunch. Ripple's CEO just dropped a bombshell: the $1 trillion era is coming faster than anyone expected.
Why the surge? Institutions finally woke up. While banks were busy debating yield curves, crypto built a parallel system that actually works. Now even Wall Street's digging into stablecoin treasuries—ironic, given how hard they fought it.
The kicker? This isn't speculative hype. Real-world payments, remittances, and corporate treasuries are driving adoption. The 'crypto winter' narrative? Buried under cold, hard transactional volume.
Of course, regulators will suddenly 'discover' stablecoins now that BlackRock's involved. But for once, the tech might outpace the bureaucracy. Buckle up—the monetary system's getting rewired whether legacy finance likes it or not.
BNY Mellon Backs Ripple’s RLUSD
Garlinghouse’s comments came as Ripple announced that the Bank of New York Mellon will now handle the USD cash and Treasury bills that back its RLUSD stablecoin.
Meanwhile, the partnership, which was disclosed on Wednesday, secures RLUSD a reputable banking partner as it scales further. As one of the largest custody banks in the US, BNY Mellon will safeguard and manage the liquidity of the reserves backing every RLUSD issued. It has been tasked with ensuring that holders can redeem the stablecoin for USD on a 1-to-1 basis under standards similar to money-market fund controls.
BNY’s support for RLUSD aligns with its gradual expansion into crypto services since establishing a digital asset unit in 2021 and welcoming institutional crypto clients in 2022. Ripple’s RLUSD, which launched in December 2024 on ethereum and the XRP Ledger, has grown rapidly within the $260 billion stablecoin market.
RLUSD is designed to align with upcoming bipartisan legislation in the US, the GENIUS Act, which will introduce federal standards for reserve disclosures and backing. The stablecoin industry continues to attract interest from major corporations like Amazon and Walmart, alongside top-tier banks exploring entry into this expanding ecosystem.
J.P. Morgan Throws Cold Water on Hype
Apart from Ripple’s outlook, Standard Chartered anticipates the stablecoin sector could expand to $2 trillion by 2028, while Bernstein expects supply to climb toward $4 trillion within ten years.
J.P. Morgan, however, remains skeptical. The investment banking behemoth estimated growth to just $500 billion by 2028, and argued that trillion-dollar expectations are premature amid the lack of widespread use of stablecoins.
