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- The AllinCrypto host predicts Ripple’s rise to unicorn status, similar to tech giants like Amazon and Apple.
- Ripple aims to compete in the projected $2.8T stablecoin market with USDT and USDC.
- Mainstream media and crypto commentators highlight stablecoins’ potential to bolster the U.S. economy and address debt issues.
In a recent analysis, the host of the AllinCrypto channel argued for Ripple’s potential to dominate the U.S. market, envisioning a future where the firm achieves unicorn status akin to Amazon, Apple, Facebook (NASDAQ:META), and Microsoft.
According to the presenter, Ripple is already progressing along a similar trajectory, asserting that XRP will be vital to this vision. The factor fueling this optimism is Ripple’s move to enter the stablecoin market to compete with giants like Tether (USDT) and Circle (USDC).
In an April announcement, Ripple projected that the stablecoin market, currently valued at around $162 billion, could reach around $2.8 trillion in four years. Crypto market commentators have expressed varying opinions regarding the significance of Ripple’s stablecoin initiative.
The AllinCrypto host, among the more bullish analysts, highlighted that treasury officials are discussing how stablecoins can help the U.S. maintain its global dominance and address its substantial debt burden.
He specifically cited a recent article from The Wall Street Journal titled “Crypto Could Stave Off a US Debt Crisis,” which discussed the role of stablecoins in the U.S. economy.
The article followed comments from Mike Benz, Executive Director of FFO Freedom, who argued that the U.S. Treasury would respond to Saudi Arabia ending the petrodollar by heavily promoting crypto stablecoins like Tether and Circle. The Wall Street Journal article emphasized that the Treasury must promote these stablecoins to protect U.S. interests.
The AllinCrypto host noted that this mainstream media view aligns with sentiments long held by the crypto community. He suggested that Ripple is now in a favorable position to become a unicorn stock, especially as going public is part of its future ambition.
AllinCrypto emphasized that Ripple’s role in the global financial system further strengthens its chances. His confidence extends to XRP, given its integral role in Ripple’s efforts to streamline global payment and settlement transactions.
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