Ripple CEO: "Stablecoin market to grow 10x within years… could reach $1–2 trillion"
Summary
- Brad Garlinghouse, CEO of Ripple, predicts that the stablecoin market will grow tenfold within a few years and reach $1–2 trillion in scale.
- Garlinghouse stated that Ripple can secure competitiveness in the stablecoin market based on its institutional foundation and regulatory compliance.
- Ripple's enterprise stablecoin RLUSD, launched last year, has reportedly surpassed a market capitalization of $500 million.
Brad Garlinghouse, the CEO of Ripple, predicted that the stablecoin market would grow tenfold in the next few years.
According to Cointelegraph on the 10th (local time), Garlinghouse stated in a CNBC 'Squawk Box' interview the previous day, "Currently, the market capitalization of the stablecoin industry is about $250 billion, but many believe it will grow to $1–2 trillion within a few years."
He added, "Ripple can demonstrate competitiveness in the stablecoin market based on its institutional foundation and regulatory compliance. The future growth of the stablecoin market will be positive for the company."
Meanwhile, Ripple launched the enterprise stablecoin RLUSD at the end of last year, with RLUSD's market capitalization reportedly surpassing $500 million.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
