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Ripple Exec Predicts Key Trigger for $2.5 Trillion Stablecoin Market Expansion
Crypto Trends

Ripple Exec Predicts Key Trigger for $2.5 Trillion Stablecoin Market Expansion

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Recent forecasts foresee stablecoin market valuation reaching $2.8 trillion by the year 2028. At its current valuation of nearly $300 billion, stablecoins reaching $2.8 trillion would require a $2.5 trillion market expansion.

According to Reece Merrick, Ripple’s Senior Executive Officer/Managing Director in Middle East and Africa, this robust expansion is be underpinned by regulatory advancements like the U.S. GENIUS Act and growing fintech integration with stablecoins playing an increasingly important role in delivering stability and liquidity across volatile financial ecosystems.

The stablecoin market, currently valued at approximately $300 billion, is projected to experience significant growth, potentially reaching $1.2 trillion by 2028, with some forecasts reaching up to $2.8 trillion by 2028

This robust expansion, underpinned by regulatory…

— Reece Merrick (@reece_merrick) August 25, 2025

The Ripple executive predicts that the latest wave of adoption for the stablecoin market might be driven by utility and institutional demand. This follows as stablecoins become a key part of global financial infrastructure.

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Ripple is currently making significant efforts to capture growth on the stablecoin market. In the most recent such growth, Ripple announced its partnership with SBI VC Trade, a subsidiary of SBI to distribute RLUSD in Japan.

Stablecoin market predictions

The stablecoin market is projected to experience significant growth in the years ahead. Recent projections predict stablecoins potentially reaching $1.2 trillion by 2028, with some forecasts reaching up to $2.8 trillion by the year 2028.

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As reported, major crypto exchange Coinbase predicts the stablecoin market cap could reach $1.2 trillion by 2028 in growth that would be driven by steady, policy-driven adoption that expands with time.

Coinbase noted that the stablecoin market’s future growth might be dependent on key variables such as efficient ramps and broad distribution networks as well as market player expansion.





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Trump, Musk feud; Circle IPO; Strategy upsize
GameFi Guides

Ripple expands in Asia, Bo Hines joins Tether

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This week in crypto, the market saw a mix of high-profile partnerships, regulatory moves, and massive token acquisitions.

From Ripple and SBI Holdings preparing to bring RLUSD to Japan, to SharpLink Gaming and Strategy making significant Ethereum and Bitcoin buys, digital assets continue to make waves.

Meanwhile, global authorities cracked down on cybercrime, regulators pushed forward with “crypto sprint” initiatives, and political and corporate actors deepened their stake in the space.

Here’s a roundup of the top stories shaping the crypto ecosystem this week.

SBI Holdings welcomes Ripple stablecoin

  • Tokyo-based financial services giant SBI Holdings agreed to collaborate with Ripple for introducing RLUSD stablecoin to Japan.
  • The partnership targets the first quarter of 2026 for market launch.

Interpol coordinates cybercrime crackdown

  • Operation Serengeti 2.0 resulted in over 1,200 arrests across 18 African nations and the United Kingdom.
  • The operation targeted criminals who victimized 88,000 individuals through various schemes including cryptocurrency fraud. Authorities confiscated more than $97.4 million.

VanEck submits JitoSOL ETF application

  • The global investment management company filed registration documents with the Securities and Exchange Commission for a proposed VanEck JitoSOL ETF tracking the liquid staking token.

CFTC advances crypto sprint initiative

  • The Commodity Futures Trading Commission continues to implement its third phase of accelerated rulemaking efforts based on recommendations from the President’s Working Group on Digital Asset Markets.
  • These “crypto sprint” measures aim to establish clearer regulatory frameworks for digital asset derivatives and trading.

Social engineering scam costs investor $91 million

  • An unidentified cryptocurrency holder lost 783 Bitcoin after fraudsters impersonated customer support representatives from a hardware wallet manufacturer and exchange platform.

South Korean officials prepare stablecoin framework

  • Senior executives from major Korean financial institutions are scheduled to meet with leadership teams from Tether and Circle Internet Group this week.
  • These discussions precede South Korea’s anticipated October launch of legal frameworks governing stablecoin operations.

DBS Bank tokenizes structured notes on Ethereum

  • Singapore’s largest financial institution announced plans to offer tokenized structured notes through partnerships with ADDX, DigiFT, and HydraX platforms.
  • Eligible traders will access these products via cryptocurrency investment platforms and exchanges.

Winklevoss twins increase political contributions

  • Tyler and Cameron Winklevoss donated an additional $21 million worth of Bitcoin (BTC) to the Digital Freedom Fund PAC, contributing over 188 BTC to political advocacy efforts.
  • The contribution aims to maintain President Donald Trump’s support for the cryptocurrency industry.
  • The online gambling marketing company acquired 143,593 Ethereum (ETH) for $601.5 million between August 10-15.
  • This purchase represents SharpLink’s largest Ethereum acquisition over the past month as part of its treasury strategy transition.

SkyBridge Capital to tokenize $300m in hedge funds

  • Anthony Scaramucci’s investment management firm will tokenize $300 million worth of hedge funds on the Avalanche network through partnerships with Tokeny and Apex Group.
  • The Digital Macro Master Fund and Legion Strategies will move on-chain through this collaboration with the $3.5 trillion asset manager.

Bo Hines joins Tether

  • The former presidential crypto advisor accepted appointment as strategic advisor for digital assets and U.S. strategy at the stablecoin issuer.
  • Hines will focus on Tether’s American market entry strategy.

Thailand delays crypto tourist payment features

  • The Bank of Thailand suspended cryptocurrency conversion capabilities in its new Tourist Wallet pending regulatory review through mid-August.
  • The digital payment system currently supports QR-based foreign currency conversions with eight partner countries including Singapore and Malaysia.

Strategy accumulates more Bitcoin

  • Strategy purchased 430 Bitcoin for $51.4 million during the week, paying an average price of $119,666 per coin.



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Ripple
Crypto Trends

Latest RLUSD Stablecoin Could Propel Ripple To Limelight Amid Trillion-Dollar Predictions

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Ripple’s RLUSD stablecoin is a potential game-changer in the rapidly expanding stablecoin market, which is projected to reach trillions of dollars. With SBI Holdings planning to bring RLUSD to Japan, the stablecoin could be integrated alongside XRP, positioning Ripple for a stronger role in global payments. 

RLUSD To Propel Ripple Into Global Spotlight

A recent report by tech researcher SMQKE on X social media has reignited attention on Ripple’s strategic moves in Japan. With the introduction of RLUSD in the country, the crypto payments company could steer its growth in the stablecoin market, which is projected to expand from a 300 billion valuation to a trillion in the coming years. 

SMQKE stated in his post that Ripple’s On-Demand Liquidity (ODL) service is already operational in Japan, allowing RippleNet customers to leverage XRP for cross-border payments. This development reduces pre-funding requirements and positions XRP as a critical liquidity tool for remittances, particularly in one of the world’s most expensive cross-border payment corridors. 

SMQKE further pointed to the alignment between the firm’s ODL infrastructure and the upcoming introduction of RLUSD. With SBI Holdings confirming plans to bring the stablecoin to Japan in early 2026, RLUSD is poised to complement XRP in powering remittance flows and institutional payments. This dual-layered ecosystem, where XRP drives liquidity and RLUSD ensures stability, could strengthen Ripple’s position in a market expected to multiply. 

The integration holds particular significance for Japan’s payment ecosystem, where remittance flows from the country to the Philippines, mainly driven by the country’s third-largest foreign worker population, reached nearly $1.8 billion in 2020. Japan also carries some of the world’s highest cross-border payment fees. In line with this, the company’s ODL service, in collaboration with SBI Remit, Coins.ph, and SBI VC Trade, directly addresses these inefficiencies. At the same time, the pending rollout of RLUSD in Japan adds another layer of utility. 

Ripple And SBI’s Role In Distributing RLUSD 

Ripple has confirmed its recent advancements in Japan in a press release announcing the upcoming launch of the RLUSD stablecoin within the country. The crypto company disclosed that as stablecoins become an integral part of the global financial infrastructure, the next wave of adoption is set to be driven by practical utility and institutional demand. 

Ripple and SBI Holdings disclosed a new Memorandum of Understanding (MOU) with SBI VC Trade, outlining just how RLUSD will be distributed across Japan. The crypto payments company notes that RLUSD has been positioned as an enterprise-grade stablecoin, fully backed by US dollar deposits, short-term government bonds, and cash equivalents, with independent monthly attestations ensuring transparency. This regulatory and compliance-first design distinguishes the asset from other stablecoins in circulation. 

Notably, SBI VC Trade CEO Tomohiko Kondo described the upcoming launch as a significant step forward in expanding stablecoin options in Japan and accelerating the convergence of finance and digital technology. He further emphasized that the company will continue working closely with Ripple to build a safe and transparent financial infrastructure.

XRP trading at $3.05 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Shaurya Malwa
NFT Gaming

Ripple Surges 9% Before Pullback Caps Rally Near $3

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Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.

Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.

He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.



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'New Dawn': Ripple CEO Reacts to Fed Governors Embracing Crypto
Crypto Trends

‘New Dawn’: Ripple CEO Reacts to Fed Governors Embracing Crypto

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  • Fed governors embracing crypto 
  • “New dawn” for Ripple

Ripple CEO Brad Garlinghouse has commented on how rapidly attitudes toward crypto have changed over the past year, describing such a drastic shift as “a new dawn.”

Garlinghouse claims that discussions at this year’s SALT 2025 investment conference feel very dramatically different, with regulators and policymakers being more open to the nascent asset class. 

While many attendees at SALT have been in crypto for a long time, the change in tone (on-stage, 1-1 convos) from even a year ago is dramatic and very palpable.
I don’t think many of us had “multiple Fed governors publicly embracing crypto technology” on our bingo cards…a new… https://t.co/5dwLNZKdIe

— Brad Garlinghouse (@bgarlinghouse) August 22, 2025

Fed governors embracing crypto 

The Ripple boss has noted that even Federal Reserve governors are now embracing crypto, which is a very surprising development for him personally. 

Governor Michelle Bowman, for instance, has argued that regulators should abandon their overly cautious mindset toward digital assets. 

Instead, they should opt for a proactive approach that would make it possible to foster innovation. 

As reported by U.Today, the Fed recently ditched its cryptocurrency-focused supervision program, which is another step toward legitimizing cryptocurrencies. 

Governor Christopher Waller also insisted that such innovative technologies as tokenization and smart contracts are not, in fact, scary. 

“New dawn” for Ripple

It is also a new dawn for Ripple in particular, considering that the legal battle between the enterprise blockchain company and the SEC is finally over. 

As reported by U.Today, the United States Court of Appeals for the Second Circuit put a definitive end to the case earlier today. 





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Ripple Finally Ends Lawsuit With Sec After Court Approves Dismissal
Crypto Trends

Ripple Finally Ends Lawsuit with SEC After Court Approves Dismissal

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The Ripple lawsuit with the U.S. Securities and Exchange Commission (SEC) has finally come to an end after almost five years. The court has approved a joint request from both Ripple and the SEC to dismiss their appeals.

Lawyer James Filan shared the news on X, saying the U.S. Court of Appeals for the Second Circuit signed the order.

Jame Filan shares the news on X | Source: X

The SEC decided to drop its appeal, while Ripple and its executives, Chris Larsen and Brad Garlinghouse, also chose to withdraw their own cross-appeal. 

But now that the case is closed, Ripple must pay a penalty to the SEC. Judge Analisa Torres had already ruled that Ripple owed $125 million for breaking securities laws when selling XRP to institutional investors. This fund was already placed in escrow while the case continued, as it waited for the appeal decision to finish.

Earlier, Ripple and the SEC agreed to reduce the penalty to $50 million, but Judge Torres did not accept that amount. She refused to issue a ruling that would change the settlement, leaving the higher fine of $125 million in place. Ripple will now complete this payment to officially settle the matter.

Meanwhile, this is good news to the crypto space and it sure has been celebrated. At the time of writing this report, XRP is up 5.57%. This was from the previous day and intraday low of $2.78. Currently, the token is trading for $3.06, with an 89% surge in trading activity, leading to $9.27 billion in trading volume. 

The case initially started back in December 2020, when the SEC accused Ripple of raising $1.3 billion through sales of unregistered securities. Since then, the lawsuit had become a turning point for the crypto space, with debate raising about whether digital tokens should be treated as securities under U.S. law. With the appeals dismissed and the fine confirmed, this chapter is officially closed.

Also Read: Traders Are Shifting to Ethereum as Bitcoin Volatility Drops



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Breaking: Ripple Case Officially Over as Appeals Court Approves Dismissal
GameFi Guides

Breaking: Ripple Case Officially Over as Appeals Court Approves Dismissal

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After more than four years of back-and-forth litigation, it’s finally over. 

The United States Court of Appeals for the Second Circuit has officially closed the U.S. Securities and Exchange Commission (SEC) v. Ripple case at the appellate level. 

Earlier this year, the SEC and Ripple filed a joint stipulation in the appeals court in order to request the dismissal of the agency’s appeal as well as Ripple’s cross-appeal. 

The appeals court has now accepted the joint stipulation, officially putting an end to the grueling legal case that has dragged on since late 2020. 

As reported by U.Today, the SEC and Ripple reached a settlement earlier this year following the exit of former Chair Gary Gensler. The SEC agreed to reduce Ripple’s monetary penalty as well as drop the permanent injunction preventing the company from conducting institutional XRP sales in the US. 

However, the case has now ended with Judge Torreses’s final judgment remaining intact after she refused to amend it. 

XRP’s tepid reaction 

The price of the XRP token has barely budged following the recent development, which has been mostly priced in by the market. 

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However, it is still up by nearly 7% over the past 24 hours after the Federal Reserve’s dovish U-turn. 



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NFT Gaming

Ripple and SBI to Launch RLUSD Stablecoin in Japan by Early 2026

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In brief

  • Japan’s Payment Services Act amendments, effective since 2023, created a licensing regime for issuing and distributing fiat-pegged stablecoins.
  • SBI VC Trade, the first firm licensed as an Electronic Payment Instruments Exchange Service Provider, already handles USDC and will now add RLUSD.
  • Japan has a structured and bank-friendly crypto regime, while its local players place a premium on compliance, Decrypt was told.

Ripple and SBI Holdings are preparing to launch the RLUSD stablecoin in Japan by early next year, as the country’s freshly crafted stablecoin laws open its market to foreign issuers.

The joint move was signed under a memorandum of understanding that will see Ripple’s RLUSD stablecoin distributed in Japan through SBI VC Trade, the group’s licensed crypto exchange, Ripple announced late Thursday evening.

Ripple’s entry would help step up the “reliability and convenience of stablecoins in the Japanese market,” SBI VC Trade CEO Tomohiko Kondo said in a statement.



It comes as Japan’s Payment Services Act amendment took effect in June 2023, establishing a licensing regime for electronic payment instruments. An earlier version of the stablecoin framework was passed by the Japanese parliament in 2022.

The framework has been continuously refined through new amendments set to roll out by 2026, including relaxed reserve requirements and updated licensing tiers, according to a report from Asia Business Law Journal.

Under the new rules set to take effect next year, only licensed entities such as fund transfer service providers or trust banks can issue or distribute fiat-pegged stablecoins, a framework that has opened the door to regulated launches like RLUSD.

SBI VC Trade was the first in Japan to secure an Electronic Payment Instruments Exchange Service Provider license, allowing it to handle foreign-issued stablecoins.

“Japan quietly has a very structured and bank-friendly crypto regime given its continuously revised Payment Services Act,” Rick Maeda, Tokyo-based analyst at Presto Research, told Decrypt.

Ripple “leverages this regulatory moat as well as SBI’s deep retail and institutional reach,” Maeda said.

He pointed to RLUSD’s “institutional branding and reserve transparency,” which could help it against competitors, given how the Japanese market’s regulators, banks, and corporates “place a premium on compliance.”

Earlier in March, NYSE-listed stablecoin issuer Circle received the first approval of a U.S. dollar-pegged stablecoin in Japan for its USDC product. Tether, which issues USDT, a larger competing stablecoin, has not received similar approval.

RLUSD, meanwhile, operates with a smaller market circulation of about $667 million over an average daily trading volume of about $71 million, according to data on CoinGecko.

RLUSD is issued under a New York State trust-company charter, backed fully by cash, short-term Treasuries, and cash equivalents with monthly reserve attestations, according to Ripple.

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Crypto Trends

Ripple, SBI Plan RLUSD Stablecoin Distribution in Japan by 2026

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Ripple and SBI Holdings plan to roll out Ripple USD (RLUSD) in Japan, aiming to tap into the country’s emerging stablecoin market under new regulatory frameworks.

The two companies announced on Friday that they had signed a memorandum of understanding, in which SBI VC Trade’s role is that of distributor. SBI VC Trade, a licensed Electronic Payment Instruments Exchange Service Provider, aims to make RLUSD to go live in Japan during the first quarter of 2026.

RLUSD is Ripple’s first stablecoin initiative, launched in December 2024. The token is fully backed by U.S. dollar deposits, short-term Treasuries and cash equivalents, with monthly attestations from a third-party firm.

Ripple says this structure offers regulatory clarity and institutional-grade compliance — traits it argues will differentiate RLUSD from peers.

SBI executives framed the partnership as a step in strengthening Japan’s digital finance infrastructure. “The introduction of RLUSD will not just expand the option of stablecoins in the Japanese market, but is a major step forward in the reliability and convenience of stablecoins,” said SBI VC Trade CEO Tomohiko Kondo.

Ripple executives echoed the compliance focus. “RLUSD is designed to be a true industry standard, providing a reliable and efficient bridge between traditional and decentralized finance,” said Jack McDonald, Ripple’s senior vice president of stablecoins.

The rollout also highlights the deepening ties between Ripple and SBI, longtime partners in Asia’s blockchain ecosystem. It also comes as Japan approved the first yen-denominated stablecoin for issuance in the country earlier this week.



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Ripple to Bring RLUSD to Japan
NFT Gaming

Ripple to Bring RLUSD to Japan

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  • RLUSD’s growth 
  • Japan’s stablecoin market 

Enterprise blockchain company Ripple has announced that it is bringing its highly regulated Ripple USD (RLUSD) stablecoin to the Japanese market in partnership with SBI VC Trade, the cryptocurrency exchange arm of financial giant SBI Holdings, in early 2026. 

SBI VC Trade CEO Tomohiko Kondo has stated that the introduction of RLUSD would be a “major step” toward making stablecoins more convenient and reliable in the Japanese market. 

RLUSD’s growth 

According to data provided by CoinGecko, RLUSD, which was officially launched last December, currently boasts a market cap of $667 million. 

Last week, Ripple minted another 24 million tokens on the Ethereum blockchain. 

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As reported by U.Today, the token was recently used in the initial public offering (IPO) settlement of crypto exchange Bullish, and it could also be part of Ripple’s credit facility for the Gemini trading platform. 

Japan’s stablecoin market 

Stablecoins have been gaining major traction around the globe, and Japan is not an exception. 

In March, USDC issuer Circle, a major Ripple competitor, announced the launch of the stablecoin in Japan in partnership with SBI VC.

Recently,  the Financial Services Agency (FSA), the country’s first financial regulator, allowed local fintech firm JPYC to issue the first stablecoin pegged to the yen. 

Jack McDonald, Ripple’s vice president of stablecoins, says that he hopes that RLUSD will set a new “benchmark” for the entire market. 



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