Ripple CEO Brad Garlinghouse said XRP will become the standard for institutional crypto payment infrastructure within five years, calling it a core technology supporting the company’s financial services expansion. He said Ripple has broadened from payments into corporate treasury and prime brokerage, and will use XRP when it makes sense while also using fiat currency and its RLUSD stablecoin. He said revenue rose from $300 million to $900 million. David Schwartz also forecast broader blockchain adoption, aided by tokenisation of real-world assets.

Ripple’s dollar-pegged stablecoin RLUSD has been listed on Coinbase, the largest U.S. cryptocurrency exchange. Retail and institutional clients can trade and manage RLUSD across Coinbase Prime, the Coinbase exchange and the Coinbase retail app, with 1-for-1 conversions from U.S. dollars and supported dollar-denominated stablecoins. Coinbase also supports RLUSD deposits and withdrawals on XRP Ledger, Base and Ethereum. Ripple said RLUSD’s market value has risen to about $2.58 billion.