"The world will not turn into a structure dominated by #العملات_المشفرة "
Brad Garlinghouse, the CEO of Ripple, made significant statements about the company's payment services strategy in an interview with CN,BC.
Garlinghouse stated that Ripple's main goal remains to solve the cross-border payment problem. He added: "We use stablecoins, and we deploy $XRP
when needed", pointing out that they choose the appropriate payment method based on its effectiveness and efficiency.
Garlinghouse noted that $XRP and stablecoins play different roles in global money transfers, and that this distinction is particularly important for institutional customers. The recently launched US dollar-linked stablecoin, RLUSD, reached a market value of $500 million within a few months. Garlinghouse expressed satisfaction with this rapid growth, noting that the reason for Ripple's late entry into the stablecoin market is the solutions already being used in this field.
According to sector data, the current value of the global stablecoin market is approximately $250 billion. Garlinghouse noted that this market could grow to between one trillion and two trillion dollars in the coming years.
Ripple also announced $XRP that it will work with the largest custodian bank in the world, Bank of New York Mellon, to store #RLUSD reserves. Garlinghouse confirmed that this option will enhance trust, stating: "Working with a trusted, regulated, and well-capitalized partner enhances confidence in the entire system".
Garlinghouse added that a more accurate approach is for cryptocurrencies to create value through integration with the traditional financial system rather than completely replacing it, saying: "The world will not become a structure dominated solely by cryptocurrencies. Rather, we aim to integrate the advantages of crypto assets into the traditional financial system". #BinanceTurns8 #FOMCWatch #TruthSocialCryptoBlueChipETF