2024

when

USDC

In a recent interview with eToro, Ripple CEO Brad Garlinghouse provided significant insights into Ripple’s historical and ongoing use of stablecoins and its plans involving the XRP Ledger (XRPL).
<h2 id="b-ripple-s-history-with-stablecoins-b">Ripple’s History with Stablecoins</h2>
Garlinghouse <a href="https://x.com/_crypto_barbie/status/1869714898147823824?s=46" rel="noopener noreferrer nofollow">revealed</a> that Ripple has utilized stablecoins, particularly USD-backed ones, for years to optimize its payment solutions. He stated that Ripple had been responsible for minting 20% of the total supply of USDC, the popular stablecoin issued by Circle.
This underscores Ripple’s early recognition of stablecoins as a valuable tool in cross-border payments, particularly in situations where they provide greater efficiency than other digital assets or traditional currency pairs.
He added that Ripple has leveraged various stablecoins, including USDC and Tether (USDT), depending on specific corridors, customer needs, and operational efficiency. This history demonstrates Ripple’s flexibility in adopting technologies that enhance its payment solutions and address diverse institutional requirements.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> BREAKING:
 RIPPLE CEO BRAD GARLINGHOUSE IN THE NEW ETORO INTERVIEW:
 „RIPPLE HAS FOR YEARS USED US-DOLLAR STABLECOINS – AT ONE POINT WE WERE RESPONSIBLE FOR MINTING 20% OF ALL USDC!“
 ‚RLUSD‘ BENEFITS FROM STABLECOIN REGULATIONS &amp; WILL COMPLEMENT <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> – THIS WILL BE HUGE! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/6RiiZqNUgP" rel="noopener noreferrer nofollow">pic.twitter.com/6RiiZqNUgP</a>
 — 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) <a href="https://twitter.com/_Crypto_Barbie/status/1869714898147823824?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 19, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<h2 id="b-ripple-s-stablecoin-launch-and-market-growth-b">Ripple’s Stablecoin Launch and Market Growth</h2>
Garlinghouse highlighted Ripple’s decision to <a href="https://timestabloid.com/ripples-rlusd-is-now-trading-globally-heres-where-you-can-buy/" rel="noopener noreferrer nofollow">launch its stablecoin, RLUSD, </a>on the XRP Ledger. This move aligns with the company’s strategy to expand its offerings for institutional clients and maintain its competitive edge.
According to Garlinghouse, the global stablecoin market, valued at around $120 billion when Ripple decided to enter, has grown to nearly $200 billion and is projected to reach <a href="https://timestabloid.com/ripple-president-discusses-rlusd-strength-in-the-3-trillion-projected-market/" rel="noopener noreferrer nofollow">several trillion dollars in the coming years.</a>
The launch of RLUSD is anticipated to benefit from emerging regulatory frameworks for stablecoins. By focusing on compliance and leveraging Ripple’s trusted reputation among financial institutions, RLUSD is positioned to complement XRP, creating a more comprehensive ecosystem on the XRPL.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 We are on twitter, follow us to connect with us :- <a href="https://twitter.com/TimesTabloid1?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@TimesTabloid1</a>
 — TimesTabloid (@TimesTabloid1) <a href="https://twitter.com/TimesTabloid1/status/1680250907504656385?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 15, 2023</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<h2 id="b-the-role-of-xrp-and-the-xrp-ledger-b">The Role of XRP and the XRP Ledger</h2>
Garlinghouse emphasized that the XRP Ledger remains central to Ripple’s mission. He described the XRPL as one of the most efficient, trusted, and utility-driven blockchains in the market. The integration of RLUSD aims to enhance the ledger’s appeal to institutions, providing a stable and efficient mechanism for transactions.
Garlinghouse also addressed the broader potential for stablecoins denominated in currencies other than the US dollar, such as the euro and yen. While the US dollar remains dominant, he suggested that diversification in stablecoin offerings could follow market demand.
As the stablecoin market grows, Ripple’s dual focus on XRP and RLUSD positions the company to play a significant role in the next phase of digital financial infrastructure. This strategic alignment underscores Ripple’s commitment to innovation and its vision for a more efficient global payments ecosystem.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
Follow us on <a href="https://twitter.com/TimesTabloid1" rel="noopener noreferrer nofollow">Twitter</a>, <a href="https://www.facebook.com/timestabloid/" rel="noopener noreferrer nofollow">Facebook</a>, <a href="https://t.me/markettabloid" rel="noopener noreferrer nofollow">Telegram</a>, and <a href="https://news.google.com/publications/CAAqLAgKIiZDQklTRmdnTWFoSUtFSFJwYldWemRHRmliRzlwWkM1amIyMG9BQVAB?hl=en-US&amp;gl=US&amp;ceid=US%3Aen" rel="noopener noreferrer nofollow">Google News</a>
The post <a href="https://timestabloid.com/ripple-ceo-discusses-xrp-future-and-says-ripple-minted-20-of-usdc-supply/" rel="noopener noreferrer nofollow">Ripple CEO Discusses XRP Future, Discloses Something Surprising About USDC Supply</a> appeared first on <a href="https://timestabloid.com" rel="noopener noreferrer nofollow">Times Tabloid</a>.

Ripple CEO Discusses XRP Future, Discloses Something Surprising About USDC Supply

Table of Contents

Times Tabloid

Other articles published on Dec 20, 2024

Didn’t Grab The Turbo Chance? BTFD Coin Presale Is Your Next Big Opportunity

PEPE aims to surpass Dogecoin, while an AI names XYZ as the meme coin to watch

Foresight Ventures, a global leading Venture Capital in Web3 and blockchain, has unveiled its lat...

In-app spending reaches $127B

Hawk Tuah girl vanishes, no response over court case – What’s the next in-danger memecoin project?

Gud Tech, Zircuit’s First AI Fair Launch, Surpasses $9M in Staking Value

Join our free newsletter for daily crypto updates!