Ripple has returned to the spotlight following Donald Trump's election and Brad Garlinghouse's ambitious plans with the former president. The price of XRP surged significantly following news of Gary Gensler's resignation as SEC chair.
Changes in SEC and their impact on XRP
With a new SEC chair in place and Brad Garlinghouse's recent dinner with Trump, it seems that prospects for the coin are starting to clear up.
Comparing XRP and stablecoins
In a recent podcast, Bloomberg’s Mike McGlone expressed his confusion over the value of XRP when compared to stablecoins like Tether. Both have market caps between $100 billion and $140 billion. McGlone noted that stablecoins offer instant and low-cost transactions and are considered secure, while the value of XRP remains a mystery.
Potential of Ripple technologies and future outlook
The CEO and co-founder of CoinRoutes stated that Ripple believes their ledger will be used by the banking system to launch their own stablecoins. He believes in the XRP Ledger technology as a replacement for SWIFT. In the future, the price could reach $7 to $10.
Ripple and its cryptocurrency XRP are experiencing significant changes amid political and regulatory events, offering interesting prospects for the future of the financial system.
