Ripple Acquires GTreasury for $1 Billion to Enhance RLUSD Adoption
- Ripple’s acquisition of GTreasury aims to tackle the stablecoin distribution challenge.
- Ripple USD (RLUSD) has grown by 987% since its launch, reaching a supply of $839.9 million.
- Despite growth, RLUSD holds only a small share of the $301.9 billion stablecoin market at just 0.27%.
- GTreasury connects Ripple with corporate treasurers managing trillions in assets, enhancing RLUSD’s utility.
- The deal complements Ripple’s other acquisitions in institutional brokerage and payment processing, creating a full enterprise financial infrastructure.
This acquisition positions RLUSD to penetrate corporate treasury operations effectively, offering features like instant settlement and access to repo markets that appeal to CFOs seeking better cash returns.
With cumulative transactions of $21 billion compared to the $3 trillion monthly volume across all stablecoins, GTreasury could significantly enhance RLUSD’s market presence and transaction frequency.
