Ripple CEO Brad Garlinghouse predicts the stablecoin market will surge from $250 billion to $2 trillion driven by regulation and growing institutional demand.
Ripple's RLUSD stablecoin crosses $500 million market cap, gains custody with BNY Mellon, and integration with Transak, signaling increased adoption.
Regulation, including the GENIUS Act, is a key factor facilitating the stablecoin market growth with Ripple actively pursuing a U.S. national bank charter and Federal Reserve Master Account.
Crypto markets respond positively to stablecoin advancements, with XRP surging 7% to a seven-week high, Ethereum reaching $2,771, and Solana climbing to $157, showcasing renewed enthusiasm.