There is concern among XRP investors as Ripple CEO Brad Garlinghouse is busy with a host of new developments for the company. One of those plans is to launch a stablecoin later this year that will debut on both the XRP Ledger (XRPL) and Ethereum (ETH).

Additionally, the XRP token was recently excluded from Ripple’s own Liquidity Hub, a platform that provides businesses with liquidity to buy, sell and hold digital assets.

However, according to Brad Garlinghouse, the concerns are unnecessary. At a recent event, the CEO reaffirmed his confidence and dedication to the digital currency.

No reason to worry

During an informal chat at the XRP Las Vegas 2024 event, Brad Garlinghouse made it clear that there is no reason to doubt Ripple’s commitment to XRP. He emphasized that the company is committed to continuing to support the digital currency and that any doubts about this are unfounded.

Garlinghouse also clarified that Ripple’s plans to launch a stablecoin and the decision to exclude XRP from the Liquidity Hub are primarily strategic choices in light of US regulations. These decisions are specifically related to the ongoing lawsuit against the US Securities and Exchange Commission (SEC).

Trade €10,000 for free and get a 10 euro bonus

Do you want to enter the crypto world and perhaps buy XRP or another crypto? Then grab your chance now with this exclusive offer! Thanks to a special deal between Newsbit and Bitvavo, one of the most accessible and user-friendly crypto exchanges in Europe, our readers receive an exclusive offer.

Create an account with Bitvavo via the button below and receive a welcome gift of 10 euros completely free. And that’s not all – you also don’t pay trading fees on your first 10,000 euros in transactions. Register now!


Leave a Reply

Your email address will not be published. Required fields are marked *