Ripple CEO predicts trillions will flow into exploding stablecoin market

Ripple CEO predicts trillions will flow into exploding stablecoin market originally appeared on TheStreet.

Ripple, the San Francisco-headquartered blockchain tech and crypto payments company, has been making waves of late.

The firm applied for a national banking license and a Federal Reserve master account, it announced in early July. It also entered into a partnership with the Bank of New York (BNY), as per which America's oldest bank will act as the primary custodian for the reserves supporting Ripple's stablecoin, RLUSD.

Ripple CEO Brad Garlinghouse is very enthusiastic about the future of stablecoins.

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The industry is worth around $250 billion in market capitalization, and many people think it will reach $1 trillion to $2 trillion in "a handful of years," Garlinghouse said on CNBC’s “Squawk Box” on July 9.

As per DeFiLlama, the stablecoin industry was worth a little more than $10 billion in July 2020. Within a span of five years, it has grown 25 times to become a $250 billion market today.

Source: DeFiLlama

Garlinghouse's estimate is therefore not overambitious, given the rate at which the industry has surged over the last few years.

The progress of the GENIUS Act also makes way for increased regulatory clarity regarding stablecoins in the U.S.

Ripple's late entry to stablecoin market

Ripple itself launched RLUSD in December 2024. With a market cap of $501 million, RLUSD doesn't account for even 1% of the total stablecoin market. Tether's USDT and Circle's USDC themselves constitute more than 85% of the total stablecoin market.

As to why the firm was late to the stablecoin party, Garlinghouse said it was because the company had been using stablecoins in its payment flows for its institutional clients.

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Given Ripple's institutional background and regulatory compliance, it can well participate in this market, he added, and continued that the industry's expansion will drive the crypto firm forward.

Story Continues

On July 8, a President Donald Trump-backed company filed with the securities regulator to launch a crypto fund that allocates 2% of its assets to XRP.

Since the announcement, the cryptocurrency has rallied 6% and was exchanging hands at $2.42 at press time.

Ripple CEO predicts trillions will flow into exploding stablecoin market first appeared on TheStreet on Jul 10, 2025

This story was originally reported by TheStreet on Jul 10, 2025, where it first appeared.