Is XRP Losing Ground to RLUSD at Ripple? CEO Brad Garlinghouse Responds

Garlinghouse says XRP is efficient for some financial transactions but acknowledges that fiat and RLUSD may make more sense for others. Ripple CEO Brad Garlinghouse has reaffirmed XRP’s position as the company’s top priority. He made the remark at the Ripple Swell event in New York, where a run of announcements involving its RLUSD stablecoin seems to have put the world’s fifth-largest cryptocurrency on the back burner. Garlinghouse Explains Ripple’s XRP Strategy Speaking to CoinDesk at Swell, Garlinghouse acknowledged that Ripple’s recent RLUSD announcements had attracted attention that might have distracted from what the company internally calls its “North Star.” “We only want to do things that are good for XRP,” he explained, adding that the company would not pursue activities that worked against the token’s interests. In a separate interview with blockchain researcher BankXRP, the CEO described Ripple as a blockchain infrastructure company that started with payments but has since expanded into corporate treasury and prime brokerage services. According to him, XRP is still foundational to those operations, although its suitability depends on the use case. “We think XRP is extreme...