U.S. Treasury Secretary Scott Bessent has emphasized that stablecoins will be key to maintaining the dollar’s dominance as the world’s reserve currency.
While adoption is already growing, the potential scale of expansion could far exceed expectations, possibly reaching trillions in assets under management.
Crypto lawyer John Deaton linked this outlook to Ripple’s latest developments, referencing CEO Brad Garlinghouse’s projection that the stablecoin market could multiply tenfold within five years.
Deaton believes this estimate may even be conservative, suggesting that regulatory clarity could pave the way for major banks to issue their own stablecoins, transforming the industry.
Ripple’s RLUSD stablecoin is emerging as a major player in this evolving landscape. Rather than just expanding its product offerings, Ripple appears to be positioning itself strategically in a future where the most influential companies will be those controlling widely adopted digital dollars.
The numbers highlight this shift. The stablecoin market currently sits at $233 billion, but Garlinghouse predicts it could reach $2.8 trillion by 2030. Despite being only three months old, RLUSD has already grown into a $169.71 million asset with daily trading volumes of $22.14 million. As stablecoin adoption accelerates, Ripple’s role in this sector may prove more significant than it appears today.
Активен крипто трейдър, следи и новини, свързани с акции, S&P500 и злато. Деян обича да спортува активно, тренира редовно, занимава се с калистеника. Обича и да чете Sci-Fi книги, когато му остане време.
Ethereum is once again at a crossroads, facing mounting concerns about whether its core network can keep up with growing demand.
Former Binance chief Changpeng Zhao, widely known as CZ, recently stirred speculation across the crypto community with a simple, joking tweet: “Hope you bought the dip,” followed by a laughing emoji.
Bitget is taking legal action after uncovering a coordinated exploit that cost the exchange over $20 million.
Nike is facing a new legal battle after a group of NFT and crypto asset buyers accused the company of leaving them with major financial losses.