Ripple CEO: Stablecoins Are Crypto's ChatGPT Moment

Ripple CEO Brad Garlinghouse told FOX Business that stablecoins will be crypto's ChatGPT moment as corporate treasurers face mounting pressure from Fortune 500 boards to implement the technology.

Stablecoin trading volume hit ₱2 quadrillion ($33 trillion) in 2025, with Tether and Circle controlling nearly 90% of that flow. Bloomberg Intelligence predicts flows will reach ₱3.43 quadrillion ($56.6 trillion) by 2030, an 80% compounded annual growth rate that dwarfs most fintech sectors.

Garlinghouse told FOX Business that boards of directors and CEOs are now asking their treasurers and CFOs what they're doing with stablecoins. He said giving treasurers and CFOs that option is the unlock because stablecoins will be the entry point for businesses to access a broader range of blockchain-based services.

Ripple launched Ripple USD in December 2024, which has climbed to the 10th largest stablecoin with a ₱84.77 billion ($1.4 billion) market cap. The company spent ₱136.23 billion ($2.25 billion) acquiring Hidden Road and GTreasury to build out institutional infrastructure for corporate clients.

Garlinghouse predicted Ripple will have a record quarter and warned that a lot of eyes are on what US regulation will look like and whether Congress will pass market structure legislation like the CLARITY Act. He said Ripple wants to make sure there can't be another Gary Gensler moment where policy gets weaponized for politics.

The company settled its SEC litigation in 2025, providing regulatory clarity for XRP after years of legal uncertainty.