This post was originally published on Coinspeaker
Ripple CEO Brad Garlinghouse stated Ripple has “no interest” in a US IPO, citing SEC’s challenging and inconsistent crypto regulation.
Ripple CEO Brad Garlinghouse recently announced that the company’s dollar-pegged stablecoin, Ripple USD (RLUSD), is on the verge of launch. Speaking at Korea Blockchain Week, he revealed that the stablecoin is currently in a private, closed beta, with public availability expected in the coming weeks. RLUSD, designed to complement Ripple’s XRP token, marks the company’s latest venture into the burgeoning stablecoin market.
Ripple’s RLUSD Challenge to USDT and USDC
The stablecoin market, led by USDT and USDC, has long awaited a shake-up. Brad Garlinghouse hinted at this during his recent speech, highlighting Ripple’s strategic move when USDC briefly lost its peg 18 months ago. Ripple’s RLUSD now stands ready to challenge the status quo, using the company’s strong ties with financial institutions to establish a presence.
In June, Ripple President Monica Long revealed that RLUSD had undergone testing on two blockchain networks, marking significant progress. Garlinghouse’s recent statements heightened expectations, as he assured the audience that the launch was imminent, stating that it would happen in “weeks, not months”.
At the same event, Garlinghouse addressed Ripple’s stance
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