Summary
- Ripple CEO stated that RLUSD is expected to join the top 5 stablecoins by the end of this year.
- The stablecoin sector is on the verge of massive expansion.
- He mentioned that the market is expected to grow dramatically due to improved regulatory clarity in the US and increased demand for digital dollar alternatives.
According to cryptocurrency-focused media U.Today on the 20th (local time), Brad Garlinghouse, CEO of Ripple, recently stated in an interview with Bloomberg TV that he expects Ripple's dollar-pegged stablecoin RLUSD to become one of the top 5 stablecoins by the end of this year.
He added, "The stablecoin sector is on the verge of massive expansion," and "As regulatory clarity improves in the United States and demand for alternatives to the digital dollar increases, the entire stablecoin market is expected to grow dramatically."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
