Ripple targets corporate treasuries for RLUSD expansion

Ripple aims to expand its RLUSD stablecoin into corporate treasuries, with Executive Vice President Jack McDonald highlighting the platform's processing of $13 trillion in payments annually. The corporate treasury expansion follows Ripple's acquisition of GTreasury in 2025, which now forms part of Ripple Treasury and serves 1,200 corporate treasurers and CFOs.

Ripple's customers facilitated $13 trillion in payments last year, providing a substantial network for introducing digital-asset tools alongside conventional treasury functions. As of September 3, RLUSD's circulating supply was about $2.4 billion, with $1 billion on the XRP Ledger and $1.4 billion on Ethereum. Ripple's focus is on utility and transaction activity rather than market capitalization, with daily active RLUSD volume reaching $750 million in 2026 from $200 million the previous month.

The company positions RLUSD for institutional settlement, liquidity management, and collateral, integrating it with payments and treasury products. Ripple Treasury has been enhanced with AI functions for forecasting, liquidity, risk, reconciliation, and reporting, operating within corporate policies and requiring human oversight.

Ripple plans to launch RLUSD in Europe through a dual-issuance structure to comply with the EU's MiCA framework, holding Crypto Asset Service Provider authorization from Luxembourg's financial regulator. RLUSD is issued by Standard Custody & Trust Company, a New York State Department of Financial Services-regulated subsidiary, with reserves held separately from operating funds.