Ripple CEO Brad Garlinghouse believes the stablecoin sector is poised for explosive growth, projecting the market could balloon from its current $250 billion capitalization to as much as $2 trillion in the near future.
Speaking on CNBC’s “Squawk Box” Wednesday, Garlinghouse described the expansion as “profound,” citing institutional momentum and evolving regulation as key drivers.
“Many people think it will reach $1 to $2 trillion in a handful of years,” Garlinghouse said, adding that Ripple is positioned to benefit from that trajectory. “We are seeing fintechs, banks, social networks, and large retailers all launch their own stablecoins,” he said, pointing to growing competition and adoption across sectors.
RLUSD, Ripple’s own USD-pegged stablecoin, has given the firm an opportunity to compete, thanks to its existing institutional base and focus on regulatory compliance.
Looking ahead, he said the GENIUS Act, a bill that would give stablecoins legal tender status in the US, could be a major accelerant. Nick Ruck, director at LVRG Research, added that a friendlier regulatory stance from the SEC could create favorable conditions for the stablecoin market to grow severalfold, possibly hitting the $2 trillion mark within a few years.
Andersson also highlighted the success of market leaders like Tether, which has turned its dominance into strong profitability.
RLUSD’s growing adoption comes against a background of the stablecoin reaching a $500 million market cap for the first time since it debuted trading less than seven months ago. XRP, Ripple’s cross-border payments token, has rallied 7% this week, trading at $2.42, its highest level in nearly two months.
Meanwhile, RLUSD continues to gain traction, recently integrating with crypto payments provider Transak.
