OpenAI · Sam Altman · U.S. Treasury · CoinDesk
Ripple stablecoin chief sees $13 trillion corporate treasury opportunity for RLUSD
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
◎ Multiple-sources
Ripple, the financial services firm closely associated with the XRP Ledger (XRP) blockchain, is looking to corporate treasurers to drive the next leg of growth for its Ripple USD RLUSD $ 1.0025 stablecoin, eyeing a customer base that handles roughly $13 trillion in transactions annually.
Key facts
- Tokenized equities lead RWA inflows as the market recovers; Binance's bStocks hit ~$118.5M in two months, now #2 issuer and ~90% of on-chain equity DEX volume
- Ripple, the financial services firm closely associated with the XRP Ledger (XRP) blockchain, is looking to corporate treasurers to drive the next leg of growth for its Ripple USD RLUSD $ 1.0025
- RLUSD's daily activity more than tripled since the beginning of the year, climbing to roughly $750 million a day last month from about $200 million, he noted
- Its circulating supply has climbed to $2.4 billion, up more than 50% over the past month, according to Token Terminal data
Summary
Ripple sees corporate treasuries as a major growth opportunity for its RLUSD stablecoin, with Ripple Treasury customers processing roughly $13 trillion in transactions annually, Jack McDonald, SVP of stablecoins, told CoinDesk in an interview. RLUSD circulation surged more than 50% in a month to $2.4 billion, but McDonald said utility matters more than market cap, pointing to daily activity more than tripling since the start of the year to about $750 million. Ripple is also looking to bring RLUSD into Europe through a MiCA-compliant dual-issuance structure, while remaining selective about expansion to additional blockchains, he said.