Ripple CEO Brad Garlinghouse has reaffirmed XRP\u2019s position as the company\u2019s top priority.<\/p>\n
He made the remark at the Ripple Swell event in New York, where a run of announcements involving its RLUSD stablecoin seems to have put the world\u2019s fifth-largest cryptocurrency on the back burner.<\/p>\n
Speaking to CoinDesk at Swell, Garlinghouse acknowledged<\/a> that Ripple\u2019s recent RLUSD announcements had attracted attention that might have distracted from what the company internally calls its \u201cNorth Star.\u201d<\/p>\n \u201cWe only want to do things that are good for XRP,\u201d he explained, adding that the company would not pursue activities that worked against the token\u2019s interests.<\/p>\n In a separate interview with blockchain researcher BankXRP, the CEO described<\/a> Ripple as a blockchain infrastructure company that started with payments but has since expanded into corporate treasury and prime brokerage services.<\/p>\n According to him, XRP is still foundational to those operations, although its suitability depends on the use case.<\/p>\n \u201cWe think XRP is extremely efficient in some use cases and, frankly, probably not in other use cases,\u201d Garlinghouse noted. \u201cAnd that\u2019s okay.\u201d<\/p>\n The executive also explained why Ripple might use fiat currencies or RLUSD for certain transactions instead of XRP.<\/p>\n \u201cI\u2019d rather see XRP do a small percentage of a customer\u2019s transaction than zero percent,\u201d he remarked. \u201cSo if that means I\u2019m going to use other methods, whether it\u2019s fiat or a stablecoin, RLUSD, that\u2019s great, because that still means I\u2019m getting some of that pie.\u201d<\/p>\n He argued that people should pay attention to the overall transaction market rather than the portion captured by XRP. Asked where he sees the asset in the next five years, he said he sees it breaking out as \u201cthe institutional gold standard for crypto rails.\u201d<\/p>\n \u201cEverybody will have access to it,\u201d he said. \u201cIt will be how they manage their money, how they get paid, how they invest, how they lend and borrow.\u201d<\/p>\n The interviews came as Ripple announced<\/a> several institutional developments during Swell\u2019s October 27 opening day, including entering a strategic partnership with Robinhood that covers stablecoins, treasury operations, institutional settlement, and financing.<\/p>\n BNY Mellon has also expanded its relationship with Ripple, supporting XRP and RLUSD on its institutional digital asset custody platform. Furthermore, Ripple\u2019s National Trust Bank received<\/a> its final regulatory approval from the Office of the Comptroller of the Currency to complete a process that started with conditional approval in 2025.<\/p>\n Meanwhile, at the time of writing, XRP was trading near $1.30 per CoinGecko, down 2% in 24 hours and nearly 4% in seven days. It was also in the red across longer periods, including an almost 13% dip in the last month and a 50% plunge from where it was at around the same time last year.<\/p>\n The post Is XRP Losing Ground to RLUSD at Ripple? CEO Brad Garlinghouse Responds<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Ripple CEO Brad Garlinghouse has reaffirmed XRP\u2019s position as the company\u2019s top priority. He made the remark at the Ripple Swell event in New York, where a run of announcements involving its RLUSD stablecoin seems to have put the world\u2019s fifth-largest cryptocurrency on the back burner. Garlinghouse Explains Ripple\u2019s XRP Strategy Speaking to CoinDesk at […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-245267","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/245267"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=245267"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/245267\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=245267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=245267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=245267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Institutional Expansion<\/h2>\n