Payments and capital markets are driving growth for Ripple's $2.4 billion digital dollar as it looks to bring RLUSD to Europe under MiCA, the firm's Jack McDonald said.
- Ripple sees corporate treasuries as a major growth opportunity for its RLUSD stablecoin, with Ripple Treasury customers processing roughly $13 trillion in transactions annually, Jack McDonald, SVP of stablecoins, told CoinDesk in an interview.
- RLUSD circulation surged more than 50% in a month to $2.4 billion, but McDonald said utility matters more than market cap, pointing to daily activity more than tripling since the start of the year to about $750 million.
- Ripple is also looking to bring RLUSD into Europe through a MiCA-compliant dual-issuance structure, while remaining selective about expansion to additional blockchains, he said.
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The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters :
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions
Crypto job postings triple to over 1,200 in September, but applications fall
BlackRock offers a glimpse of how tokenization may change your investment portfolio
Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions
Crypto job postings triple to over 1,200 in September, but applications fall
Cathie Wood says smart investors need to start watching where AI agents spend money
Original sourceCoinDesk
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