Ripple's senior executive, Reece Merrick, has projected that stablecoin transaction volumes could reach between $28 trillion and $30 trillion by the end of 2025. This represents a significant increase of 50–60% year-over-year. Currently, stablecoins account for 30% of on-chain activity, with more than 10 million daily active addresses. Merrick attributes this growth to increasing trading volumes and enhanced regulatory clarity, which are driving stablecoins into mainstream cross-border and institutional applications.