Ripple CEO Foresees a Stablecoin Boom: Market Could 10x in Coming Years
The global stablecoin market is on the verge of an explosive surge, according to Ripple CEO Brad Garlinghouse. Speaking at a recent event, Garlinghouse forecasted that stablecoins could grow from the current $260 billion market cap to over $1–2 trillion within the next few years. His comments highlight the increasing momentum behind blockchain-based digital dollars, especially as major players join the ecosystem.
Ripple’s RLUSD Gets Institutional Boost from BNY Mellon
Garlinghouse emphasized that Ripple had long utilized stablecoins in institutional payment flows, even before launching its own dollar-backed asset, RLUSD. Introduced in December 2024 and available on Ethereum and XRP Ledger, RLUSD was built with regulatory foresight — aligning with the upcoming GENIUS Act, a proposed U.S. law aiming to standardize reserve transparency and security for stablecoins.
In a strategic move to scale RLUSD, Ripple has partnered with Bank of New York Mellon, one of America’s largest custodial banks. BNY Mellon will be responsible for safeguarding RLUSD’s cash and Treasury reserves, ensuring 1:1 convertibility with the U.S. dollar. This level of institutional-grade custody aims to strengthen trust and liquidity in Ripple’s stablecoin.
“Having BNY Mellon on board signals a new phase of growth,” Garlinghouse stated. “We’re not just competing — we’re building an ecosystem with the world’s most trusted financial names.”
Big Banks and Big Tech Eye Stablecoin Sector
The stablecoin space is quickly attracting attention from top-tier institutions. Giants like Amazon, Walmart, and leading global banks are now exploring integrations and infrastructure roles in stablecoin ecosystems. According to analysts from Standard Chartered, the market could hit $2 trillion by 2028, while Bernstein projects issuance to rise to $4 trillion within the decade.
However, not everyone shares the enthusiasm. J.P. Morgan analysts argue that stablecoins lack mainstream adoption and estimate a more modest growth — reaching only $500 billion by 2028. Yet, such skepticism hasn’t stopped the sector’s rapid development.
The Future of Stablecoins: Regulated, Scalable, and Institutional
What sets RLUSD apart is its design aligned with future regulatory frameworks, making it an appealing choice for financial institutions looking to bridge traditional finance with blockchain technology. Ripple’s late but calculated entry into the stablecoin race positions it to capitalize on long-term growth, especially with backing from trusted names like BNY Mellon.
Conclusion: The Stablecoin Race Is On
With clear use cases, growing institutional support, and evolving regulations, stablecoins are poised to play a central role in the future of digital finance. Whether or not the market hits $2 trillion, one thing is certain — stablecoins like RLUSD are reshaping how money moves globally, and Ripple is aiming to be at the forefront of this transformation.
