Ripple CEO Garlinghouse Reaffirms Central Role of XRP in Payment Strategy
Brad Garlinghouse dismisses speculation that Ripple would exclusively focus on the RLUSD stablecoin in the future, emphasizing the continued importance of XRP for institutional payment solutions.
Ripple CEO Brad Garlinghouse has reaffirmed the strategic importance of XRP for the company, countering uncertainties within the community. Via the platform X, he clarified that the coin "has always been and will remain the focus" [1].
Speculation had previously emerged that the company might exclusively use its own stablecoin RLUSD for cross-border payments in the future. Garlinghouse's statements build on Ripple's recent DeFi outlook, which positions XRP as the primary bridge asset for institutional liquidity [1].
According to the development team, XRP is designed to meet banks' requirements regarding compliance and regulatory standards. In parallel, Ripple is working on expanding the ledger through new token standards, permissioned areas for verified participants, as well as enhanced identity and control functions. Plans also include confidential transactions for institutional users and an EVM-compatible sidechain to expand smart contract functionality [1].
The clarification comes against the backdrop of disappointed expectations in the XRP community after SWIFT selected the Linea blockchain rather than Ripple for its blockchain banking project [1].
Sources
- [1]btc-echo.de
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