Ripple Pursues $13 Trillion Corporate Treasury Space for Stablecoin Growth

Ripple is eyeing the corporate treasury space as a massive opportunity for its stablecoin business. The company's senior vice president of stablecoins, Jack McDonald, stated that this sector presents a $13 trillion opportunity for Ripple Treasury.

Ripple Treasury has around 1,200 corporate treasurer and CFO clients who move funds across borders, between subsidiaries, and domestically. These clients touch roughly $13 trillion worth of transactions on an annual basis, according to McDonald.

This comes as stablecoins become a larger part of payments and financial infrastructure. More than $300 billion of these tokens are now in circulation, while governments establish regulatory frameworks, and banks, payment companies, and FinTechs build around them.