Ribel CEO Brad Garlinghyus Discuss the current situation of the Stablecoin and how much industry may deserve in the next few years. He also commented on the reason for Rlusd Stablecoin to his company to control the market at some point.
Ripple CEO breaks silence on the growth of Stablecoin market
in CNBC interviewThe CEO of Ripple indicated that the Stablecoin market is about $ 250 billion and that many of them expect that it will grow between a trillion dollars and 2 trillion dollars in the next few years. He also commented that the growth of this stablecoins was deep. Tether’s usdt The road with the maximum market is currently driving about $ 160 billion.
In fact, experts such as the US Treasury Secretary, Scott Bessin, predicted This stablecoins can reach $ 2 trillion in the coming years. Bessent also recently indicated For reports that Stablecoins can grow into a 3.7 trillion dollar market by the end of the contract. He believes this is more likely with regulations like a genius law.
The CEO of Ripple Brad Garlinghouse is an interest in the Stablecoin market, because his company is the source And Rlusd Stablecoin. Garinghouse admitted that they joined the market relatively late, although they were already using Stablecoins in their payment flows to institutional customers. This is what prompted the step to the RLUSD Stablecoin, in order to better serve its customers.
Garlinghouse trusted that Rlusd Stablecoin will benefit from the next growth, especially as they continue to serve their institutional customers. During, CEO of Ripple I noticed how Stablecoin has already crossed the maximum market sign of $ 500 million in just a few months since its launch. Coinmarketcap data He explains that the maximum Stablecoin market has increased more than 3 % in the past 24 hours, to reach $ 517 million.
Plan for the development of Rlusd Stablecoin
As part of Stablecoin Rlusd development plans, Ripple has been applied For a national banking license with OCC. If approved, Stablecoin will be subject to the company’s organizational classification of the US Bureau of Currency Financial (OCC) and the New York Financial Services (NYDFS). the Ripple CEO The dual nature of this list is a new and unique standard of confidence in the Stablecoin Market.
Garlinghouse again commented on this step during the CNBC interview. Ripple CEO has indicated that his company has focused on compliance and adherence to the current regulations. I suggested that Rlusd Stablecoin is on its way to become the most organized stablecoin, which would give them an advantage in Stablecoin Market.
At the same time, it should be noted Ripple has been partnership With Bny Mellon to the US dollar reserves for RLUSD. The encryption company is sure that this would build confidence in Stablecoin.
Distinctive image from Getty Images, Chart from TradingView.com
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