Ripple CEO Forecasts RLUSD’s Ascent in Stablecoin Market

Ripple CEO Brad Garlinghouse made a bold prediction regarding Ripple’s stablecoin, RLUSD. In a recent interview with Bloomberg Television, he stated his expectations for RLUSD to rank among the top five stablecoins by the year’s end, as the sector is set for significant expansion.

> Ripple CEO Brad Garlinghouse expects RLUSD to be one of the top 5 stablecoins by year end, and expects the stablecoin market to grow dramatically. Source
> — Bloomberg Crypto (@crypto) March 19, 2025

Garlinghouse anticipates dramatic growth for the overall stablecoin market, attributing this to improving regulatory clarity and rising demand for alternatives to the digital dollar. Currently, RLUSD has a market capitalization of $169.6 million, according to CoinGecko data. While this forecast may appear ambitious, Garlinghouse noted RLUSD’s increasing momentum, as evidenced by its recent exchange listings.

LMAX Digital recently became a notable platform to list the Ripple USD (RLUSD) stablecoin. Since its launch in December 2024, RLUSD has been available on several exchanges and crypto platforms, such as Uphold, MoonPay, Archax, and CoinMENA, with subsequent listings on Bitso, Bullish, Bitstamp, Mercado Bitcoin, Independent Reserve, and Zero Hash.

Ripple’s Legal Victory

Garlinghouse’s remarks about RLUSD follow a significant legal triumph for Ripple. The company’s battle against the U.S. Securities and Exchange Commission (SEC) has concluded, marking the end of multiple enforcement actions. “This provides a lot of certainty for Ripple,” Garlinghouse stated during his interview.

Looking ahead, Garlinghouse indicated that Ripple aims to focus on acquisitions, with no immediate plans for an initial public offering. When asked about the potential for an IPO, he replied, “We’ll look at other things that are blockchain infrastructure companies.”

Although part of the legal case against Ripple is still pending, the firm has challenged a prior ruling stating that certain XRP sales to institutional investors should have been registered with the SEC. Currently, a $125 million fine is in escrow, and Ripple must decide whether to appeal or pay the penalty, as mentioned by Stuart Alderoty, Ripple’s chief legal officer, in a separate interview with Bloomberg.