In a world where the winds of fortune blow unpredictably, Ripple‘s chieftain, Brad Garlinghouse, has dared to utter a prophecy that could make even the most stoic of souls chuckle. In a recent tête-à-tête with Bloomberg Television, he boldly proclaimed that RLUSD, Ripple’s stablecoin, shall ascend to the lofty heights of the top five stablecoins by year’s end. Ah, the audacity! 🌪️
Ripple CEO Brad Garlinghouse expects RLUSD to be one of the top 5 stablecoins by year end, and expects the stablecoin market to grow dramatically
— Bloomberg Crypto (@crypto) March 19, 2025
A Cause for Celebration! 🎊
Garlinghouse’s exuberance regarding RLUSD comes on the heels of a significant legal triumph: the U.S. Securities and Exchange Commission has decided to back off from its relentless pursuit of Ripple. “This provides a lot of certainty for Ripple,” he declared, as if he had just won the lottery. 💸
As for what lies ahead, Garlinghouse has his sights set on acquisitions, while the prospect of an initial public offering seems to be as distant as a mirage in the desert. When asked about the IPO, he quipped, “We’ll look at other things that are blockchain infrastructure companies.” Oh, the suspense! 😏
However, not all is smooth sailing. A portion of the case with the SEC still lingers like an unwelcome guest. In 2023, Ripple contested a verdict that deemed some prior XRP sales to institutional investors should have been registered with the SEC. A $125 million fine is currently in limbo, and Ripple must now decide whether to fight the good fight or pay the piper, as revealed by Stuart Alderoty, Ripple’s chief legal officer. 🎭
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2025-03-20 18:25