RLUSD has quietly accomplished something big: will on-chain transfer volume surpass Visa + Mastercard next year?

Question

[Coin World] An interesting piece of news has come from Ripple - their stablecoin RLUSD is quietly changing the game.

First, let's look at the numbers. The scale of on-chain transfers has skyrocketed like a rocket in recent years: it was only $500 billion in 2020, and it's projected to soar to $27.6 trillion by 2024. What about next year's forecast? $46 trillion. What does that mean? It's even more staggering than the combined settlement volume of Visa and Mastercard.

RLUSD is now not just circulating in exchanges. B2B settlements, merchant payments, cross-border remittances… these tangible payment scenarios are unfolding. Just on Ethereum, the trading volume has surpassed 1 billion USD.

More importantly, the regulators have started to ease up. After the introduction of policies like the “GENIUS Act”, RLUSD has been listed on several trading platforms. What does this mean? The compliance channels are opening up, and naturally, the application scenarios will emerge.

The stablecoin sector is quite lively right now, but it remains to be seen who can really penetrate the global payment network with trading tools.

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AirdropHunterWang · Accepted Answer

46 trillion? This number sounds a bit daunting to me; I guess I&#39;ll wait until it really materializes to discuss it.

GasFeeLover · Answer

46 trillion? This number sounds a bit far-fetched, but if it really comes to fruition, it would indeed be incredible... Ripple is making a great move here.

gas_fee_therapy · Answer

Wow, 46 trillion? This number sounds a bit off, Visa must be losing sleep over this, haha.

FloorPriceWatcher · Answer

46 trillion? This is just boasting, even Visa has never been this powerful, can RLUSD really achieve this?

MoonlightGamer · Answer

460 trillion? That&#39;s absurd, how could Visa be so weak?

SellTheBounce · Answer

The numbers look too good to be true, there&#39;s always a lower point waiting. The rebound should come out, don&#39;t be blinded by the frightening figure of 46 trillion.

DeFiChef · Answer

460 trillion? This number is staggering, Ripple is really going big.

Does 460 trillion really surpass Visa + MC? It feels a bit exaggerated, we still need to see how it performs in actual applications.

Can it soar if regulations loosen? Don’t get too carried away, the stablecoin space still depends on who can survive until the end.

RLUSD breaking 1 billion in volume is decent, but we need to clarify how much of these numbers are inflated.

This wave of Compliance channels opening up, the real application scenarios haven’t arrived yet, so don’t be too optimistic.

CryptoCrazyGF · Answer

460 trillion? That sounds exaggerated, how many years has Visa accumulated, and RLUSD has only been around for a few years?

Opening a compliance channel is a good thing, but there is still a long way to go before it is truly implemented. Don’t confuse stories with reality.

Ripple&#39;s move this time is indeed smart, stablecoins are definitely a trend, but the risks are not small.

Wait, is the volume of 1 billion on Ethereum true? It seems like the data could be exaggerated.

In any case, the stablecoin sector is definitely the future; it just depends on who can survive until the end.