Ripple CEO says RLUSD stablecoin boosts XRP ecosystem despite 70% price drop

Ripple CEO Brad Garlinghouse has highlighted the role of the company’s expanding stablecoin operations in supporting XRP and strengthening the broader digital asset ecosystem, even as XRP faces ongoing price challenges. In a recent Bloomberg interview, Garlinghouse stated that XRP remains central to Ripple’s mission, emphasizing that those who overlook this fact may miss the broader vision of the company’s blockchain strategy. The CEO explained that Ripple created RLUSD specifically to complement XRP rather than compete with it, and has structured the coin to bolster activity on the XRP Ledger. Approximately half of RLUSD’s supply currently resides on the XRP Ledger, which has resulted in increased liquidity, higher transaction volumes, and more network activity.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to CoinTurk News.