U.S. Dollar Dominance and Stablecoins

The U.S. dollar is expected to remain the world’s reserve currency, with stablecoins playing a crucial role, as stated by U.S. Treasury Secretary Scott Bessent.

The anticipated adoption of stablecoins may exceed current projections. If stablecoin Assets Under Management (AUM) reach trillions, the entire crypto market will need to adjust to this new reality.

John Deaton, a prominent figure in crypto law and advocate for XRP holders in their SEC lawsuit, noted this connection to Ripple’s recent developments. He referenced Ripple CEO Brad Garlinghouse’s forecast: a projected tenfold growth in the stablecoin market within five years.

> According to @bgarlinghouse at @blockworksDAS, we expect a 10X increase in stablecoin market cap in five years. This estimate may actually be conservative. There’s a purpose behind @Ripple’s stablecoin development. Listen to what… link
> — John E Deaton (@JohnEDeaton1) March 21, 2025

Deaton believes even this estimate could be understated. With regulatory clarity, major banks may launch their own stablecoins, leading to a competitive landscape within an industry valued in trillions.

Ripple’s RLUSD Stablecoin

In this context, Ripple’s stablecoin, RLUSD, is significant. As institutional interest in stablecoins grows, Ripple’s launch of RLUSD does not merely represent expansion; it is essential for maintaining relevance in an evolving space where influence relies on controlling trusted digital currencies.

Current statistics highlight this need. The stablecoin market is presently valued at $233 billion, but Garlinghouse predicts it could reach $2.8 trillion by 2030. RLUSD, operating for only three months, is already valued at $169.71 million and has a daily trading volume of $22.14 million.

This is merely the beginning, and as the stablecoin sector flourishes, Ripple’s influence may grow significantly beyond current perceptions.