Ripple CEO Brad Garlinghouse highlights a $13 trillion XRP Ledger opportunity.

Ripple Treasury processed $13 trillion in payments during the last fiscal year without using stablecoins or other crypto assets, according to statements from Ripple CEO Brad Garlinghouse. Garlinghouse said the scale of that payment volume highlights an opportunity to expand blockchain settlement through the XRP Ledger.

XRP Ledger Gains Institutional Payment Pipeline

Garlinghouse said that Ripple Treasury, formerly G Treasury, orchestrated $13 trillion of payments, with “zero percent” conducted through stablecoins or crypto. He argued that the resulting gap creates room for blockchain integration.

Ripple has begun routing selected institutional payment flows through the XRP Ledger. The company said this approach links enterprise treasury operations with blockchain settlement, with the expectation that each processed dollar increases on-chain transaction activity.

Ripple also introduced Digital Asset Accounts and Unified Treasury this week, describing them as the first native digital asset features within its treasury management system. Ripple said these services were built directly on XRP Ledger infrastructure.

Ripple Treasury serves Fortune 500 companies and other global enterprises, focusing on regulated liquidity management and cross-border settlements. Ripple said the XRP Ledger now supports enterprise-grade treasury functions as a result.

RLUSD and XRP Adoption Expands On-Chain Activity

Ripple Treasury has started using Ripple USD (RLUSD) and XRP for payments, aiming to reduce friction in institutional transfers by integrating stablecoins and native tokens into treasury workflows.

RLUSD has a market capitalization of about $1.4 billion. Ripple issues the stablecoin directly on the XRP Ledger and expects usage to grow as enterprise adoption increases.

XRP is used as the native token for transaction fees and settlement. Ripple said institutional routing through Ripple Treasury drives direct ledger activity, and that transaction counts rose in the first quarter of 2026.

Finbold reported strong payment-driven transaction growth during that period, and Ripple confirmed that payment flows supported the increase. Ripple said it continues expanding digital asset functionality within Ripple Treasury.

Impact and Next Steps for Enterprise Treasury

Garlinghouse reiterated Ripple’s goal in a recent interview, stating that enterprise payment flows can transition toward blockchain rails. Ripple said Ripple Treasury had already begun adopting digital assets as of April 3.

The platform now provides unified oversight for fiat and digital balances, connecting treasury operations with blockchain-based settlement tools. Ripple said it will continue rolling out these features to enterprise clients.