Ripple Forecasts $3 Trillion Stablecoin Market by 2028

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Ripple predicts the stablecoin market will surge to $3 trillion by 2028, planning to launch its USD-backed stablecoin in June amidst SEC scrutiny. The stablecoin aims for stability and security as it is set 1:1 to the USD. David Schwartz, Ripple’s CTO, suggests a June launch during the XRP Las Vegas conference. Also, the stablecoin leverages the strengths of XRP Ledger for institutional and DeFi use. However, Ripple encounters legal challenges as the SEC labels its stablecoin plans as unregistered crypto assets, resulting in regulatory challenges.