Three months after its launch, Ripple USD (RLUSD) stablecoin has grown significantly and hit a major supply milestone.
The stablecoin has reached a total circulating supply of 176.69 million RLUSD.
Brad Garlinghouse’s Bold Prediction for Stablecoins
According to market data, this represents an uptick of 4.21% in just 24 hours. This development highlights the rapid growth in the adoption and utility of RLUSD.
With this steady growth, projections about the possible trajectory for RLUSD have been made.
John Deaton, a renowned lawyer for XRP holders, has shared insights into this by highlighting key statements from the Digital Asset Summit (DAS) held in New York.
Image Source: John Deaton on X
Deaton noted that at DAS, Brad Garlinghouse, Ripple CEO, made a bold prediction about the stablecoin market.
According to him, Garlinghouse believes the stablecoin market capitalization will grow tenfold within the next five years.
He maintains this is a conservative estimate, with all
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