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Jack McDonald
@_JackMcDonald_
SVP, Stablecoins @ Ripple
67 Following    25.1K Followers
Great to sit down w/ @sndr_krisztian at @coindesk to discuss what’s driving $RLUSD growth and where we see the biggest opportunities ahead… corporate treasury being a massive one. Ripple Treasury customers orchestrate ~$13T in transactions annually, creating an opportunity to bring stablecoins into entirely new flows & use cases. For RLUSD, it’s always been about real utility at scale.
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The ethereum:0x8292bb45bf1ee4d140127049757c2e0ff06317ed monthly independent attestation for July is now live! Some late-summer highlights… 1/ RLUSD crossed $2B this month, with over $1B issued on the XRP Ledger alone. Not even two years in, we’re very excited about what’s ahead. Market cap isn’t everything, but some milestones are worth celebrating (this one especially) 🚀 2/ Ripple made strategic investments in ZILO and Licuido to expand digital capital markets infrastructure on the XRP Ledger, with ethereum:0x8292bb45bf1ee4d140127049757c2e0ff06317ed serving as the regulated cash leg for transactions involving tokenized assets. 3/ @Bybit_Official launched Phase 2 of its RLUSD Hold & Earn program after surpassing $50M in assets under custody in just 11 days. 4/ Ripple joined @ClearpoolFin and @CicadaCredit to bring institutional lending to the XRP Ledger, using RLUSD as the credit asset for loans to fintechs, payments companies and other businesses. 5/ Ripple, @MCSocialVenture, @BlockBima and @Fortunecreditld put ethereum:0x8292bb45bf1ee4d140127049757c2e0ff06317ed to work in Kenya, helping small businesses access insurance and credit faster and more efficiently. TL;DR: a 97% reduction in settlement time, at 3,000x lower cost. Real-world utility in action. 🌍 Check out all previous reports here:
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The future of stablecoins is moving beyond just USD – though I expect dollar-backed assets to remain the dominant force in our global market. Looking forward to discussing tomorrow with @keyrock & dune. Tune in.
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Proud to share @Ripple's strategic investment in @notabene_id. 👇 Bringing together $RLUSD, Ripple Payments & Notabene's trusted institutional network to help scale compliant stablecoin payments. Identity. Compliance. Transaction authorization. Enterprise-ready stablecoin infra. This is how we help financial institutions move value globally – with trust built-in.
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The future of stablecoins isn't one-size-fits-all. Happy to have contributed to this report from friends at @keyrock and @Bitso. Check it out:
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$XRP everywhere. As it should be.
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