Stablecoins Will Be Crypto’s “ChatGPT Moment,” Ripple Says
According to Brad Garlinghouse, CEO of Ripple, stablecoins will be a chat GPT moment for the crypto sector in search of fast and efficient payments, and many companies are already discussing and strategizing how to implement stablecoins into their operations.
“You have directors and CEOs of companies, whether it's Fortune 500 or Fortune 2000, they're asking their treasurers, their CFOs are asking, hey, what are we doing with statscoins,” Garlinghouse told FOX Business on Friday.
“Giving the treasurer and CFO that option is an opening,” he said.
Garlinghouse says this launch will be the “Chat GPT of crypto” as businesses gain a wider entry point to blockchain-based services.
Bloomberg Intelligence predicted in early January that stablecoin flows could increase by 80% to $56.6 trillion by 2030 at a compounded annual growth rate, making stablecoins one of the most important payment instruments in global finance.
Garlinghouse notes that the stablecoin saw more than $33 trillion in transactions last year, although 90 percent of that came from Tether's USDt (USDT) and Circle's USDC (USDC).
Ripple launched a rival stablecoin in December 2024, which is currently the 10th largest stablecoin with a market cap of $1.4 billion, CoinGecko data shows.
Ripple also strengthened its blockchain payment infrastructure last year by acquiring institutional-based prime broker Hidden Street for $1.25 billion and corporate treasury platform GTreasury for $1 billion.
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Meanwhile, Garlinghouse says Ripple is poised to have a “record quarter,” saying the company is “on a tear” since the Hidden Road and GTreasury acquisitions.
Market structure legislation will push the crypto industry forward
Garlinghouse says stablecoin payments and broader blockchain adoption will be accelerated by the CLARITY Act, if passed by Congress and signed into law.
Many eyes are on what American regulation looks like and how it will be implemented. “We want to make sure we don't have another Gary Gensler moment where they try to shoehorn policy into politics and not what's good for the United States.”
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