Stablecoins bring "meaningful innovations to global payments," says Ripple executive

Speaking at Consensus 2025, Jack McDonald argued that the rise of stablecoins marks an "evolution" in how money moves around the world. "It's an alternative way of making payments in dollars, but doing it in a seamless and cost-effective way," he said

Ripple's entry into the stablecoin market with RLUSD is part of a broader push to replace outdated, fragmented cross-border payment systems. "We saw stablecoins being used in payments, and that was the main driver for us when we entered this business," McDonald said

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