According to Jack McDonald, Senior Vice President of Stablecoins at Ripple, he anticipates that the stablecoin market will experience significant growth by the year 2025, referring to it as “the breakout year for stablecoins.
McDonald suggests that the advancement of U.S. regulations in the stablecoin market will provide a more transparent framework, which could boost confidence and encourage wider acceptance due to the increased trust this brings.
According to the Senior Vice President of Ripple, they are confident that Ripple and its stablecoin, RLUSD, will take the front line in ushering in this fresh epoch.
2025 marks a significant milestone in the development of stablecoins, as regulatory frameworks solidify, standards mature, and innovation flourishes, paving the way for practical applications to thrive. Ripple is poised to spearhead this progress with its robust infrastructure and the $RLUSD token.
Special thanks to @alys_key and @DigitalFrontier for featuring my perspectives on the topic.
— Jack McDonald (@_JackMcDonald_) January 17, 2025
2025 marks the breakthrough for stablecoins. With progressing US regulations, norms will adapt, creativity will flourish, and practical applications will gain traction. Ripple and RLUSD are well-prepared to spearhead this development, as expressed by McDonald in a recent tweet.
The amount of stablecoins in circulation is on the rise – it’s currently worth approximately $216 billion, and experts predict it could reach close to $3 trillion over the next five years.
Ripple expands its horizons
Initially, Ripple utilized blockchain technology primarily for cross-border payments, but as their enterprise blockchain offerings expanded, they now also cater to a broader spectrum of financial applications like asset tokenization and custody. To date, Ripple Payments has handled over $70 billion in transactions, while the addition of RLUSD provides another blockchain-based option for cross-border payments.
As a crypto investor, I’m excited about the rapid growth of stablecoins, which are becoming a crucial part of the payment landscape. Particularly interesting are those like RLUSD, which operate on both the XRP Ledger (XRPL) and Ethereum blockchains. I believe that this will significantly strengthen Ripple’s cross-border payment solution and cater to the increasing need for transactions denominated in USD.
On December 17th, RLUSD was introduced worldwide as a direct answer to the increasing interest in stablecoins tied to the US dollar, particularly in areas such as Asia Pacific, Europe, and Australia.
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2025-01-18 18:06