Ripple is considered one of the most promising cryptocurrency companies. Recently, its CEO mentioned holding $100 billion in XRP, prompting a reassessment of the company's valuation and IPO plans.
Ripple's Actual Valuation
Garlinghouse dismissed the $11 billion valuation of Ripple from early 2024 as outdated, emphasizing the importance of considering XRP holdings when determining its true valuation.
IPO Plans and SEC Challenges
Garlinghouse noted the challenges faced from the SEC as a reason for not considering an IPO. However, with a new more pro-crypto chairman expected, the company may reconsider its IPO plans.
Ripple USD Excitement
Garlinghouse emphasized the growing demand for Ripple's custody solutions and blockchain products. RLUSD has created significant excitement in the cryptocurrency market, and many believe Ripple could lead as a blockchain infrastructure provider.
With $100 billion in XRP and growing demand for its solutions, Ripple is well-positioned to strengthen its leadership in blockchain solutions for financial institutions.
