Ripple Says Corporate Treasury Is $13T Opportunity as RLUSD Supply Hits $2.4B

The pitch here is distribution rather than novelty: Ripple is arguing that its existing corporate treasury relationships, not retail trading, are the natural channel for a regulated dollar token. That reframes stablecoin competition around enterprise payment rails and settlement workflows, where the incumbent advantage belongs to whoever already sits inside the CFO's stack. The open question is whether the supply and volume growth reflects genuine corporate usage or incentive-driven activity, since the split across XRP Ledger and Ethereum suggests the token is following liquidity rather than leading it.