Krutika Adani
Many believe stablecoins will soar to $1–2 trillion in just a few years,” says Ripple CEO Brad Garlinghouse.
Ripple launched its own stablecoin, RLUSD, in late 2024. It just crossed $500 million in market cap—with BNY Mellon as its custodian.
Banks, fintechs, social platforms, and retailers are all entering the stablecoin game. Tether’s profits show how big this market could become.
The GENIUS Act could soon make stablecoins legal tender in the U.S. Combined with SEC support, this law could trigger mass adoption.