Ripple targets $13T treasury market with RLUSD

Ripple has identified corporate treasury clients handling roughly $13 trillion annually as a potential distribution channel for its $2.4 billion RLUSD stablecoin. Summary $13 trillion represents annual transactions handled by Ripple Treasury customers, not projected RLUSD transaction volume. RLUSD circulating supply reached $2.4 billion after growing more than 50% during one month. Around $1.4 billion of RLUSD circulates on Ethereum, while $1 billion remains on XRPL currently. Ripple plans a MiCA-compliant dual-issuance structure before offering its dollar stablecoin across European markets widely. Payments, settlement and collateral currently provide Ripple’s main institutional use cases for its RLUSD stablecoin. CoinDesk reported on Sept. 12 that Ripple stablecoin chief Jack McDonald expects the company’s treasury-management business to connect RLUSD with corporate payments, settlement and liquidity operations. The $13 trillion figure describes annual transactions touching Ripple Treasury’s customer base. It is not an RLUSD volume forecast, revenue projection or commitment from those customers to use the stablecoin. 💵 Ripple Eyes $13T Corporate Treasury Market for RLUSDRipple's s...