Ripple stablecoin chief targets $13 trillion corporate treasury market

VERA Brief

AI-generated. Grounded in the article and its cited sources.

Ripple's stablecoin, RLUSD, is experiencing growth driven by payments and capital markets. The company plans to expand into Europe under MiCA regulations and targets the corporate treasury market, estimated at $13 trillion.

Key facts

• Ripple's stablecoin, RLUSD, is seeing growth fueled by payments and capital markets.
• Ripple plans to introduce RLUSD to the European market under the MiCA regulatory framework.
• The corporate treasury market is a substantial opportunity, estimated to be worth $13 trillion.
• The existing RLUSD supply has reached $2.4 billion.