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.
Osborne said each form of money will serve different transaction and settlement needs.
He argued that concerns over financial instability and disintermediation are overstated.
Osborne compared stablecoins to established instruments such as money market funds and e-money.
“The solution lies in central banks channelling stablecoin momentum, not fighting it,”
Matthew Osborne said.
He said extending parts of the central bank safety net could unlock further stablecoin growth.
“With the right safeguards, they can strengthen rather than weaken the financial system,”
Matthew Osborne said.
The analysis positioned stablecoins as a durable feature of a regulated, multi-money financial system.