Ripple Plans To Take 14% Of SWIFT Volume, USDC Lands On XRPL – What Does This Mean For XRP Price?
Summary
Ripple CEO Brad Garlinghouse predicted that XRP could capture 14% of SWIFT's trading volume by 2030, which could significantly boost XRP's price. SWIFT processes approximately $5 trillion in transactions daily, meaning 14% equates to $700 billion daily or $175 trillion annually. Community member Fruition calculated that this could lead to an XRP price of $357 if 21 trillion is processed through the XRPL. Additionally, Circle launched its USDC stablecoin on the XRP Ledger, enhancing utility for XRP and potentially increasing the total value locked on the network. This development is expected to positively impact XRP's price, which is currently trading at around $2.15, up nearly 2% in the last 24 hours.
