$13 Trillion Corporate Treasury Opportunity, Ripple's RLUSD Circulating Supply Grows to $2.4 Billion

Odaily News: Jack McDonald, Senior Vice President of Stablecoins at Ripple, stated that corporate treasuries represent a significant growth opportunity for RLUSD. After Ripple acquired treasury management software provider GTreasury for $1 billion last year, its Ripple Treasury now serves approximately 1,200 corporate treasurers and CFO clients, who collectively process around $13 trillion in transactions annually. RLUSD's circulating supply grew by over 50% in the past month, with approximately $1 billion on the XRP Ledger and $1.4 billion on Ethereum; its daily active volume has more than tripled since the start of the year, rising from about $200 million last month to approximately $750 million. Payments and capital markets are currently the two primary application areas, and Ripple has partnered with institutions such as Franklin Templeton and DBS on tokenized money market funds and lending.