Ripple CEO says XRP enables currency transfers without using US dollar

Ripple CEO Brad Garlinghouse has outlined how XRP can simplify cross-border payments by acting as a neutral bridge between currency pairs, removing the need to route transactions through the US dollar. Speaking on Bloomberg TV, Garlinghouse emphasized the advantages of XRP’s efficiency for international money transfers, especially in an environment where most stablecoins remain closely tied to the dollar. Garlinghouse explained that over 90% of stablecoins are pegged to the US dollar, but this reliance does not always yield the most efficient method for global payments involving diverse currencies. Rather than facilitating transfers through dollar-converted stablecoins, Garlinghouse suggested that XRP’s neutral status allows for more direct, lower-cost transactions between currency pairs.

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