Ripple’s Senior Vice President of Stablecoins, Jack McDonald, highlighted the evolving role of stablecoins at Consensus 2025. He emphasized that these digital currencies are transitioning from tools for cryptocurrency traders to playing crucial roles in global finance, marking significant innovation in payments worldwide. Ripple is driving this change with RLUSD, a fully regulated and supported stablecoin. McDonald pointed out that yield-generating stablecoins are likely to become the next major trend. However, regulatory frameworks still lag behind, posing challenges for Ripple’s efforts to offer yields on its stablecoin while navigating U.S. securities regulations around RLUSD registration.