Ripple Stablecoin Chief Bullish on $13 Trillion Corporate Treasury Opportunity

TechFlow reports that on September 13, according to CoinDesk, Jack McDonald, Senior Vice President of Stablecoins at Ripple, stated that Ripple Treasury is a business platform established by Ripple, the financial services affiliate of the XRP Ledger, following its $1 billion acquisition of corporate treasury management provider GTreasury last year. Serving approximately 1,200 corporate treasurer and CFO clients who handle cross-border liquidity management, intercompany transfers, and domestic settlements, the platform provides a vast pool for transitioning traditional financial activities to blockchain infrastructure.

McDonald revealed that this client group generates an annual transaction volume of approximately $13 trillion, presenting a highly significant opportunity. Although RLUSD's circulating supply surged over 50% to $2.4 billion within a month, he emphasized that utility outweighs market capitalization, noting that daily trading activity has more than tripled since the beginning of the year to approximately $750 million. Currently, payment use cases and capital markets constitute the two primary adoption scenarios.

Additionally, Ripple plans to introduce RLUSD to the European market through a dual-issuance structure compliant with the EU's MiCA framework, while maintaining a selective approach to expanding onto new public chains such as Base and Optimism.