Ripple CEO Brad Garlinghouse Announces Upcoming Stablecoin RLUSD and Looks to the Future of Cryptocurrency
Publication Time:2024-09-04 14:06:10
Ripple's CEO Brad Garlinghouse shared important developments at the Korea Blockchain Week event. He stated that Ripple will soon launch its new stablecoin RLUSD, with this process expected to be completed in 'weeks' rather than the previously anticipated 'months.' This rapid release schedule demonstrates Ripple's proactive steps in the cryptocurrency sector. Meanwhile, Garlinghouse criticized U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler's approach to regulating cryptocurrencies. He pointed out that Gensler's regulatory methods have had adverse effects on platforms like OpenSea, and noted that Ripple is not interested in listing XRP on U.S. exchanges due to the SEC's 'rather hostile' attitude towards cryptocurrencies. Despite regulatory challenges, Garlinghouse remains optimistic about the significant progress expected in the cryptocurrency space over the next five years. Overall, through the upcoming launch of the RLUSD stablecoin and its positive outlook on the future of cryptocurrency, Ripple showcases its leadership position in the industry and commitment to innovation.
Ripple
Cryptocurrency
U.S. SEC
Brad Garlinghouse
stablecoin RLUSD