Ripple Looks to $13 Trillion Corporate Treasury Space for Stablecoin Growth

Ripple is eyeing a potential $13 trillion market in corporate treasuries for the growth of its stablecoin business. Jack McDonald, Ripple's senior vice president of stablecoins, revealed in an interview with CoinDesk on September 13 that Ripple Treasury, built around the company's $1 billion acquisition of treasury-management software provider GTreasury in 2025, has around 1,200 corporate treasurer and CFO clients.

McDonald explained that these clients move funds across borders and between subsidiaries, providing Ripple with a vast pool of traditional financial activity that could be brought onto blockchain rails. "That customer base hadn't been on-chain,” he told CoinDesk. "They touch roughly $13 trillion worth of transactions on an annual basis.

"So that opportunity set is just massive,” McDonald added. The report highlights that this opportunity comes as stablecoins become a more significant part of payments and financial infrastructure. With over $300 billion of these tokens in circulation, governments are establishing regulatory frameworks, and banks, payment companies, and FinTechs are developing solutions around stablecoins.

Ripple's RLUSD stablecoin, launched almost two years ago, still lags behind Tether's USDT and Circle's USDC, but its circulating supply has risen by more than 50% in the past month to $2.4 billion, according to Token Terminal data. As stablecoins gain traction, PYMNTS notes that the industry is shifting from seeing them as a product to recognizing them as an "always-on layer for moving liquidity, extending credit, and settling financial obligations."