The US dollar will remain dominant as a backup currency in the world, and Stablecoins will be a tool to ensure this happens, and the US Treasury Secretary recently announced Scott Payet.
However, the size of the Stablecoin adoption is likely to exceed the current expectations. If Stablecoin AUM expands to multiple trillion, the rest of the encryption market will have to adapt to a new reality.
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John DitonWell -known in the legal departments of encryption and defender of XRP holders in the collective lawsuit against the Supreme Education Council, picked up this and linked the points to ripply the latest step. He pointed out that the CEO of Ripple Brad Garlinghouse: The Stablecoin Market is on the right path to expand ten times within five years.
Even this estimate, according to Diton, may be very conservative. In the event of organizational clarity, some of the world’s most powerful banks can interfere with their Stablecoins, creating a scene where many players compete in the trillions of trillion.
Ripple’s Rlusd Stablecoin
This is where RLUSD is entering, ripple’s stablecoin, equation. With large institutions showing a growing interest in adopting Stablecoin, Ripple’s decision to launch RLUSD seems less similar to simple expansion and more like a necessary step to survive in space where the effect will be determined by those who control the largest digital dollars, the most trusted and most used.
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The numbers enhance this perspective. The value of the current Stablecoin market is $ 233 billion, but Garlinghouse’s estimate puts it in the amount of $ 2.8 trillion by 2030.
This is just the beginning, and as the Stablecoin sector expands, the role of Ripple within it may turn much larger than what appears today.
