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Jack McDonald Profile
Jack McDonald

@_JackMcDonald_

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309

CEO @StandardCustody SVP, Stablecoins @ Ripple

San Francisco
Joined June 2021
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@_JackMcDonald_
Jack McDonald
11 days
$RLUSD June monthly independent attestation is live! Some recent updates:. - RLUSD crossed $550M in market cap 🎉, and was listed on @AlchemyPay, @pdaxph, and more. - @BNYglobal became Ripple’s reserves custody partner for RLUSD. - RLUSD received an A rating from @bluechip_org –.
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@_JackMcDonald_
Jack McDonald
15 days
RT @bgarlinghouse: ICYMI in the midst of all the regulatory goodness last Friday….@bluechip_org ranked $RLUSD as the *#1* most trusted stab….
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@_JackMcDonald_
Jack McDonald
18 days
8/ Bottom line: stablecoins aren’t just a payment shortcut or a brand feature. They’re a foundational layer of modern financial infrastructure, and they need to be built accordingly. At Ripple, we are doing just that.
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@_JackMcDonald_
Jack McDonald
18 days
7/ While the U.S. has deep financial infrastructure, many global markets don’t. Stablecoins can unlock USD access, speed, and inclusion where legacy systems fall short. That’s where the need is most urgent, and where the opportunity is greatest.
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@_JackMcDonald_
Jack McDonald
18 days
6/ There’s also the trust factor. If you’re issuing a stablecoin, you need clear, auditable reserves. You need regulatory alignment. You need enterprise-grade risk management. That’s not a marketing project. That’s serious financial infrastructure.
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@_JackMcDonald_
Jack McDonald
18 days
5/ And that’s where branded stablecoins fall short:.- Limited liquidity outside the brand.- Complex integrations with external systems.- No incentive for third-party adoption because they’re built for a single use case.- Minimal utility for consumers or enterprises.
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@_JackMcDonald_
Jack McDonald
18 days
4/ The problem? Most of these models are built for limited, single-ecosystem use, walled gardens. Useful only within one brand. Not interoperable. Not liquid. Not programmable. We need less of this fragmentation in global finance, not more.
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@_JackMcDonald_
Jack McDonald
18 days
3/ What are most of these companies hoping for?.- Avoiding credit card swipe fees.- Faster settlement and fewer intermediaries.- Loyalty tie-ins or closed-loop spend.- Potential new revenue from interest on reserves. These are valid business goals, but only part of the picture.
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@_JackMcDonald_
Jack McDonald
18 days
2/ A stablecoin isn’t a product extension or a brand feature. It’s financial infrastructure. And it comes with deep responsibilities: compliance, liquidity, interoperability, and trust.
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@_JackMcDonald_
Jack McDonald
18 days
1/With the signing of the GENIUS Act, we’re seeing more consumer companies, retailers, platforms, and tech firms explore whether they need their own stablecoin. But let’s be clear: launching a stablecoin isn’t like launching a new app. It’s infrastructure. And getting it wrong.
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@_JackMcDonald_
Jack McDonald
22 days
Trust. Stability. Utility. $RLUSD is built differently.
@bluechip_org
Bluechip
22 days
The highest-rated stablecoin on Bluechip has never changed. But today, RLUSD becomes the new #1 ranked stablecoin. Bluechip is beginning coverage for RLUSD by @Ripple with an initial rating of A. This reflects our view that RLUSD is one of the safest stablecoins available. ⬇️
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@_JackMcDonald_
Jack McDonald
23 days
RT @MonicaLongSF: As trillions of dollars of assets (bonds, stocks, real estate, the list goes on) become tokenized around the world, you c….
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@_JackMcDonald_
Jack McDonald
23 days
RT @bgarlinghouse: The last major financial regulation bill was passed 15 years ago in response to the 2008 financial crisis. Tomorrow, th….
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@_JackMcDonald_
Jack McDonald
1 month
RT @CoinDesk: NEW: 🏦 Ripple has chosen BNY to hold the USD reserves backing $RLUSD, aiming for strong risk management and transparency. ht….
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@_JackMcDonald_
Jack McDonald
1 month
On the heels of last week’s license application news and $RLUSD crossing $500M in market cap (!), we’re excited to partner with BNY for RLUSD reserves custody. Institutional stablecoin adoption will only take off with the backing of deeply trusted custodians and platforms.
@CNBC
CNBC
1 month
BNY Mellon will have custody of Ripple's new stablecoin as institutional interest in crypto swells
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@_JackMcDonald_
Jack McDonald
1 month
A National Trust would bring a dual layer of regulation for RLUSD as we continue to raise the bar for transparency and compliance in the stablecoin market – something few issuers today can claim.
@business
Bloomberg
1 month
The payments and stablecoin firm Ripple Labs applied to become a national bank as a bevy of fintech and crypto firms seek such approval under President Donald Trump’s looser regulatory regime
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@_JackMcDonald_
Jack McDonald
1 month
🚨 The June monthly independent attestation for $RLUSD is live!.– $RLUSD market cap reached a new milestone ~440M+ and growing 🚀.– Ripple USD is now a recognized crypto token under the DFSA in Dubai.– Launched new partner @AlchemyPay to continue extending the utility of RLUSD.–.
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@_JackMcDonald_
Jack McDonald
2 months
RT @bgarlinghouse: Strong start to Apex 2025!. I had a great ('underrated'!) conversation this morning onstage with @MonicaLongSF and Pat P….
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@_JackMcDonald_
Jack McDonald
2 months
RT @s_alderoty: As more Americans explore crypto, one question keeps coming up: ‘What is it?’ . @NatCryptoAssoc is the place to come for si….
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