Ripple said regulated stablecoins are increasingly moving from the edges of crypto into the core financial system.
Matthew Osborne, Ripple’s policy director for the UK and Europe, said clearer rules are accelerating institutional adoption.
Osborne made the comments in a commentary published by the Official Monetary and Financial Institutions Forum.
“Stablecoins are no longer a niche experiment,”
Matthew Osborne said.
“They now have a market value in excess of $300bn, with annual transaction volumes surpassing Visa and Mastercard combined,”
Matthew Osborne said.
Regulation was described as the key factor enabling stablecoins to integrate with traditional finance.
Osborne said stablecoins are more likely to complement existing financial infrastructure rather than replace it.
“This is evolution, not revolution,”
Matthew Osborne said.
He noted that policymakers increasingly accept a future financial system hosting multiple forms of money.
Stablecoins are expected to operate alongside central bank money and commercial bank deposits.