Ripple Eyes $1–2T Stablecoin Market, RLUSD Tops $500M
Ripple CEO Brad Garlinghouse forecasts the stablecoin market will expand from $250 billion to $1–2 trillion within years. He highlighted profound growth as Ripple’s enterprise stablecoin RLUSD, launched late 2024, reached a $500 million market cap. The firm appointed BNY Mellon as RLUSD’s custodian, leveraging institutional expertise and regulatory compliance.
Ripple has applied for an OCC bank charter and a Federal Reserve master account to bridge traditional finance and DeFi. Industry analysts at Apollo Capital and LVRG Research back a bullish outlook, citing Tether’s profitability and upcoming US regulatory clarity, including the GENIUS Act and crypto-friendly SEC policies, as drivers for stablecoin market expansion.
Following these developments, XRP climbed 7% to a seven-week high of $2.42. Traders anticipate Ripple’s expanding ecosystem to boost liquidity and demand, underscoring the stablecoin market’s rapid rise and Ripple’s positioning in regulated digital assets.
Bullish
Ripple’s roadmap for RLUSD—securing BNY Mellon custody and achieving a $500 million cap—alongside applications for an OCC bank charter and a Federal Reserve master account, has bolstered institutional confidence. Coupled with anticipated regulatory clarity from the GENIUS Act and crypto-friendly SEC guidelines, these developments have driven XRP to a seven-week high. In the short term, trader optimism around Ripple’s expanding ecosystem has supported price momentum. Over the long term, integration of regulated stablecoins and DeFi infrastructure is likely to sustain demand and liquidity for XRP, underscoring a bullish outlook.