Unexpected Words from Ripple’s CEO for XRP: “Do Not Doubt, 100% Connected”!

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Garlinghouse, Ripple XRP The company’s commitment to the coin remains firm, reaffirming its confidence in its alignment and support with emphasized.

He made these statements in a chat at the recently concluded XRP Las Vegas 2024 event. The event was held on May 3-4 and featured different technologies such as Web 3.0 and TradeFi/DeFi. crypto- Conferences were held on the subject. The event also featured conversations with Garlinghouse and other leading crypto stakeholders.

During the chat, Garlinghouse emphasized that anyone who doubted Ripple’s commitment to XRP was wrong.

Why Do Investors Think Ripple is Moving Away from XRP?

It is worth noting that over the past few months, several factors have emerged that raise doubts among investors about Ripple’s commitment to XRP.

Ripple’s Stablecoin

One of these factors is the company’s plan to launch a stablecoin later this year. Some market observers speculate that the stablecoin, which will be launched on XRP Ledger and Ethereum, will allow US-based customers to initiate cross-border settlements via the On-Demand Liquidity solution (now Ripple Payments).

While Ripple has not publicly confirmed this speculation, analysts have noted that the stablecoin will enable the company to navigate the regulatory environment in the US, where it is currently involved in a lawsuit against the SEC.

However, critics believe that Ripple plans to choose the stablecoin over XRP as the asset of choice for international payments.

XRP Removed from Ripple’s Liquidity Center

Another factor that cast doubt on the company’s commitment to XRP was the asset’s exclusion from Ripple’s Liquidity Center. The hub provides liquidity for businesses to buy, sell and hold digital assets.

As Koinfinans.com reported, ahead of its launch, Ripple said that the platform would support XRP and other top crypto assets, including Bitcoin and Ethereum. However, the company removed XRP from its list of supported assets, citing regulatory concerns in the United States.

While many critics think Ripple is moving away from XRP, Garlinghouse’s comment suggests the opposite. Ripple’s upcoming stablecoin and the removal of XRP from its Liquidity Hub product are part of the company’s efforts to navigate the United States’ regulatory environment.

Source : The Crypto Basic


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