<ul data-eligibleForWebStory="false"><li>Ripple CEO Brad Garlinghouse predicts that the stablecoin market could grow nearly tenfold in the coming years, reaching $1-2 trillion from the current $260 billion.</li><li>Ripple partnered with Bank of New York Mellon, with BNY Mellon handling the USD cash and Treasury bills that back its RLUSD stablecoin, ensuring holders can redeem it for USD on a 1-to-1 basis.</li><li>BNY Mellon's support for RLUSD aligns with its gradual expansion into crypto services, Ripple's RLUSD launched in 2024 and has grown rapidly in the stablecoin market, aiming to comply with upcoming federal standards.</li><li>While Standard Chartered and Bernstein anticipate the stablecoin sector to grow to $2 trillion by 2028, J.P. Morgan remains more conservative, estimating growth to $500 billion, citing limited widespread use of stablecoins.</li></ul>

Ripple CEO Says Stablecoins on the Verge of a Trillion-Dollar Boom

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