Canary Capital CEO Says Ripple’s Real Power Isn’t XRP Price — It’s Remittances and RLUSD

Canary Capital CEO Steven McClurg has shared his views on where Ripple could create the biggest real-world impact, following the company’s recent launch of Ripple Treasury after acquiring G Treasury.

Remittances Still Matter Most

McClurg said Ripple’s global remittances network remains one of the most important use cases in crypto today. While it may not be the biggest money-maker for the company, he believes it solves a real problem at global scale by making cross-border payments faster and cheaper, especially for countries that rely heavily on remittances.

$RLUSD Seen as a Major Opportunity

Looking ahead, McClurg said the product he is most bullish on is $RLUSD, Ripple’s U.S. dollar-backed stablecoin. He expects $RLUSD adoption to grow quickly once it is fully integrated across Ripple’s partner network.

According to him, $RLUSD could even challenge USD Coin over time, especially because of the regulatory framework under which $RLUSD operates. He noted that $RLUSD appears to have stronger oversight in the United States, which could make it more attractive to institutions and governments.

Could the U.S. Outsource a Digital Dollar?

McClurg also said that if the U.S. government decides not to launch a full central bank digital currency, it could instead outsource a digital dollar to private companies. In his view, Ripple and Circle would likely be the two main contenders for such a role.

He added that governments around the world have been exploring digital currencies for years and often approach companies with early experience in stablecoins. Based on those trends, he believes it is only a matter of time before the U.S. moves in this direction.

Institutional Questions Around $XRP

When discussing $XRP ETF, McClurg said one question comes up repeatedly from institutional investors: what gives the token its value? Unlike Bitcoin, which is widely understood as a digital currency, $XRP requires more explanation.

He said institutions often need clarity on how $XRP is tied to Ripple’s network and how it functions within that ecosystem. While the explanation can be complex, he believes it is a fair and important question that serious investors need answered.

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