XRP CEO: The stablecoin market will reach 2 trillion in a few years.

Brad Garlinghouse, CEO of Ripple, pointed out that many people believe the stablecoin market will grow to between one and two trillion dollars in the next few years. Garlinghouse mentioned on a CNBC program that the current market capitalization is about 250 billion dollars.
Garlinghouse added that although XRP entered the market later, it has strong growth momentum, and the company is utilizing stablecoin services to meet institutional clients' payment needs. The Bank of New York Mellon has now become the custodian of XRP's RLUSD assets.
In the past year, the market value of the stablecoin RLUSD launched by Ripple has grown to 500 million dollars. The company recently announced its integration with the crypto payment platform Transak, and the price of the XRP token has risen to a seven-week high.
Significant Growth of Stablecoins
Henrik Anderson, Chief Investment Officer of Apollo Capital, stated that the market capitalization expectation of stablecoins of $1 to $2 trillion is consistent with their predictions. In addition, Tether's profitability demonstrates the potential of the business.
The GENIUS Act in the United States is expected to become the next catalyst for the adoption of stablecoins, making them legal tender. This bill may become law this month and could further drive market expansion.
Nick Lark of LVRG Research said that if the cryptocurrency-friendly SEC and the GENIUS Act are implemented together, the crypto industry will expand rapidly.
XRP bank license application
Ripple is working hard to obtain operating licenses equivalent to those of banks in the United States, having applied for licenses from the Office of the Comptroller of the Currency and the Federal Reserve. Ripple has applied for a banking license, deciding to bridge traditional finance with decentralized finance.