Ripple CEO Brad Garlinghouse emphasized that stablecoins are becoming a key innovation in corporate payments. According to Cointelegraph, CEOs and boards of Fortune 500 and Fortune 2000 companies are actively considering the adoption of stablecoins along with their chief financial officers, comparing it to the cryptocurrency industry's 'ChatGPT moment'.

Bloomberg Intelligence forecasts that the stablecoin market will grow by 80% annually, reaching a scale of $56.6 trillion by 2030. Last year's trading volume exceeded $33 trillion, with most of it accounted for by USDt and USDC.

Ripple plans to launch Ripple USD in December 2024, achieving a market capitalization of approximately $1.4 billion and ranking as the 10th stablecoin. Additionally, it announced plans to expand its business through the acquisition of Hidden Road and GTreasury, with record performance expected.

Garlinghouse stated that the passage of the CLARITY Act will further accelerate the adoption of stablecoins and blockchain, emphasizing the importance of clear U.S. regulations. (Source: FOX Business)$USDC