Ripple CEO Brad Garlinghouse He discussed the current state of the Stablecoin industry and how many industries can be worth in the next few years. He also commented on why Rlusd Stablecoin from his company could at some point dominate the market.
Ripple CEO breaks silence about the growth of the Stablecoin market
IN CNBC interviewThe General Director of Ripple noticed that the Stablecoin market is worth about $ 250 billion and that many predict that it can escalate to $ 1 trillion to $ 2 trillion in the next few years. In addition, he noticed that the growth of these Stablecoin was deep. Tether’s USDT Currently, he runs almost $ 160 billion with market capital.
Indeed, experts such as the Secretary of the US Treasury, Scott Bessent, predicted that Stablecouins can reach $ 2 trillion in the coming years. Bessent also recently mentioned To reports that Stablecouins may escalate to the market 3.7 trillion USD to the end of the decade. He believes that this is more likely in the case of regulations such as genius.
The CEO of RIPPLE BRAD Garlinghouse is a stakeholder on the Stablecoin market because his company is an issuer Rlusd Stablecoin. Garlinghouse admitted that they had joined the market relatively delayed, although they have already used Stablecouins in their payment flows for institutional clients. He pointed out that this prompted the move to release Rlusd Stablecoin to better serve its clients.
Garlinghouse is convinced that Rlusd Stablecoin will benefit from growth, especially since they still serve their institutional clients. Meanwhile, Ripple CEO He noticed how Stablecoin had already exceeded the milestone of market capitalization of $ 500 million in just a few months of the premiere. Coinmarketcap data It shows that Stablecoin market capitalization has increased by more than 3% in the last 24 hours, reaching $ 517 million.
Plans to develop Rlusd Stablecoin
As part of the plans of cultivation Rlusd Stablecoin, Ripple was used for the national banking license with OCC. If it is approved, the company’s Stablecoin will be subject to the regulatory purpose of the American currency controller (OCC) and Up-to-date York Department of Financial Services (NYDFS). . Stated by the general director of RIPPLE that the double nature of this regulation is a modern and unique reference point for trust in the Stablecoin market.
Garlinghouse commented again during the CNBC interview. The General Director of Ripple noticed that his company focused on compliance and compliance with existing regulations. He suggested that Rlusd Stablecoin is up to date to stand Stablecoin market.
In the meantime it is worth noting Ripple works From Bny Mellon for the care of Rlusd’s Reserves. The cryptographic company is convinced that it will additionally build this trust in its Stablecoin.
A distinguished picture from Getty Images, chart from TradingView.com
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