Ripple Dey Eye $1–2T Stablecoin Market, RLUSD Don Pass $500M
Ripple CEO Brad Garlinghouse dey forecast say di stablecoin market go grow from $250 billion to $1–2 trillion inside few years. E talk say di growth big well well as Ripple enterprise stablecoin RLUSD wey dem launch for end of 2024 don reach $500 million market cap. Di company appoint BNY Mellon as RLUSD custodian, use dem institutional know-how and make sure say dem dey follow regulation.
Ripple don apply for OCC bank charter and Federal Reserve master account to connect traditional finance and DeFi. Industry analyst for Apollo Capital and LVRG Research dey support dis bullish outlook, dem talk say Tether profitabilty and di coming US regulatory clarity, like GENIUS Act and crypto-friendly SEC policies, go push di stablecoin market grow.
After all dis, XRP climb 7% reach seven-week high of $2.42. Traders dey expect say Ripple growing ecosystem go increase liquidity and demand, e show say stablecoin market dey grow fast and Ripple dey position well for regulated digital assets.
Bullish
Ripple roadmap for RLUSD—wey secure BNY Mellon custody and hit $500 million cap—plus applications for OCC bank charter and Federal Reserve master account, don boost confidence among institutions. Along with expected clearer regulations from GENIUS Act and crypto-friendly SEC guidelines, dis developments don push XRP reach seven-week high. Short term, traders optimism about Ripple ecosystem growth help keep price strong. Long term, regulated stablecoins integration and DeFi infrastructure likely go maintain demand and liquidity for XRP, showing bullish outlook.