Ripple is positioning corporate treasury as a major growth driver for its RLUSD stablecoin, according to Jack McDonald, the company’s senior vice president of stablecoins, in comments to CoinDesk. McDonald said Ripple Treasury clients handle roughly $13 trillion in annual transaction volume, giving the firm a sizable base of corporate treasury users that move funds across borders, between subsidiaries, and within domestic operations.
He linked that opportunity to Ripple’s $1 billion acquisition of treasury management software provider GTreasury last year. The platform serves about 1,200 corporate treasurers and CFOs, which McDonald said creates a large customer pool for bringing traditional financial activity on-chain.
McDonald also shared updated RLUSD metrics. Circulating supply has climbed more than 50% over the past month to $2.4 billion, with about $1 billion on the XRP Ledger and $1.4 billion on Ethereum. He said Ripple is placing more weight on utility and daily activity than on market capitalization. RLUSD daily activity has more than tripled since the start of the year, rising from about $200 million last month to about $750 million. Payments and capital markets are the two main use cases now, and Ripple is already working with Franklin Templeton and DBS on tokenized money market funds and lending. In Europe, the company plans to introduce RLUSD through a dual-issuance structure designed to comply with the EU’s MiCA framework, and it has obtained regulatory authorization in Luxembourg.
Corporate treasury is emerging as a major growth opportunity for Ripple’s RLUSD stablecoin, Jack McDonald, Ripple’s senior vice president of stablecoins, said in an interview with CoinDesk.
McDonald said Ripple Treasury clients process about $13 trillion in transaction volume each year. He tied that business to Ripple’s $1 billion acquisition of treasury management software provider GTreasury last year. The platform serves around 1,200 corporate treasurers and chief financial officers, whose use cases include cross-border transfers, intercompany fund movements, and domestic money movement. That customer base, he said, gives Ripple a large pool of users for moving traditional financial activity on-chain.
Supply and usage metrics for RLUSD
McDonald said RLUSD’s circulating supply has increased by more than 50% over the past month to $2.4 billion. Of that amount, about $1 billion sits on the XRP Ledger and $1.4 billion is on Ethereum.
He added that Ripple is focusing less on market capitalization and more on utility and day-to-day activity. RLUSD’s daily activity has risen by more than threefold since the start of the year, climbing from about $200 million last month to about $750 million.
Current use cases and Europe plan
Payments and capital markets are currently the two main areas of use for RLUSD, McDonald said. Ripple is already working with institutions including Franklin Templeton and DBS on tokenized money market funds and lending.
In Europe, Ripple plans to introduce RLUSD through a dual-issuance structure built to comply with the European Union’s Markets in Crypto-Assets, or MiCA, framework. The company has already obtained regulatory authorization in Luxembourg.
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