In a recent CNBC interview, Ripple CEO Brad Garlinghouse dropped a bombshell on the stablecoin market, discussing the industry’s current state and its potential worth in the coming years. He also shared his thoughts on why Ripple’s RLUSD stablecoin could dominate the market at some point.
Garlinghouse Gives the Lowdown on Stablecoin Growth
The Ripple CEO noted that the stablecoin market is currently worth around $250 billion, with many predicting it could grow to between $1 trillion and $2 trillion over the next few years. Tether’s USDT leads the pack with a market cap of almost $160 billion. Experts like US Treasury Secretary Scott Bessent have even predicted that stablecoins could reach $2 trillion over the coming years, with some reports suggesting they could grow into a $3.7 trillion market by the end of the decade.
Ripple CEO Brad Garlinghouse is a player in the stablecoin market, as his firm is the issuer of the RLUSD stablecoin. Garlinghouse admitted that they joined the market relatively late, but they had already been using stablecoins in their payment flows for institutional customers. This prompted the move to issue the RLUSD stablecoin to better serve their clients.
Garlinghouse is confident that the RLUSD stablecoin will benefit from the growth ahead, especially as they continue to serve their institutional clients. The stablecoin has already crossed the $500 million market cap milestone in just a few months since its launch, with CoinMarketCap data showing a 3% increase in the last 24 hours, reaching $517 million.
Plans to Grow the RLUSD Stablecoin
As part of the plans to grow the RLUSD stablecoin, Ripple has applied for a national banking license with the OCC. If approved, the company’s stablecoin will be subject to the regulatory purview of the US Office of the Comptroller of the Currency (OCC) and the New York Department of Financial Services (NYDFS). Garlinghouse stated that the dual nature of that regulation is a new and unique benchmark for trust in the stablecoin market.
Meanwhile, Ripple has partnered with BNY Mellon to custody RLUSD’s USD reserves, further building trust in its stablecoin. Garlinghouse commented on this move during the CNBC interview, noting that his firm has been focused on compliance and adhering to existing regulations. He suggested that the RLUSD stablecoin is on course to become the most regulated stablecoin, which would give them an edge in the stablecoin market.
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2025-07-13 06:13