• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Ripple focuses on the U.S.: CEO reports 75% of jobs based domestically

user avatar

by Giorgi Kostiuk

2 years ago

Following Donald Trump's election, Ripple CEO Brad Garlinghouse announced changes in the company’s strategy, including a greater focus on U.S. operations and the launch of the new RLUSD stablecoin.

Ripple's new hiring strategy

Brad Garlinghouse confirmed that post-election, 75% of Ripple’s job openings are now in the U.S. This marks a shift from Ripple’s previous trend of focusing on international hires.

Launch and success of RLUSD

Soon after Trump's victory, Ripple launched the RLUSD stablecoin. It quickly gained traction, surpassing PYUSD and EURC in 24-hour trading volumes.

Anticipated changes at the SEC

Garlinghouse expressed optimism about potential changes at the U.S. Securities and Exchange Commission (SEC) that could affect Ripple. Pro-crypto advocate Paul Atkins is expected to take a leadership role, possibly easing Ripple's longstanding legal issues.

The election of Donald Trump has led to significant strategic changes at Ripple. The company has increased its focus on the U.S. market, successfully launched the RLUSD, and is anticipating positive changes at the SEC.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

MicroStrategy's $15 Billion Bitcoin Purchase Highlights Market Shifts

chest

MicroStrategy has reportedly acquired 15,400 BTC for approximately $15 billion, emphasizing the importance of infrastructure and regulation in the crypto market.

user avatarLuis Flores

Kraken Set to Launch CFTC-Regulated Perpetual Futures for US Traders

chest

Kraken is set to launch CFTC-regulated perpetual futures for US traders, enhancing market infrastructure and addressing liquidity and risk management concerns.

user avatarArif Mukhtar

Hassabis Proposes US Frontier AI Standards Body

chest

Demis Hassabis proposed the creation of a US Frontier AI Standards Body to oversee the development and safety of advanced AI systems.

user avatarMaria Gutierrez

Demis Hassabis Predicts Arrival of AGI by End of Decade

chest

Demis Hassabis, CEO of Google DeepMind, predicts that artificial general intelligence (AGI) will arrive before the end of the decade, comparing its impact to the discovery of electricity or fire.

user avatarDavid Robinson

IBM Shares Plunge 25% Following Disappointing Earnings Report

chest

IBM shares plummeted by 25% after the company reported lower-than-expected earnings for Q2, marking its worst drop in decades.

user avatarAndrew Smith

New Editorial Standards Aim to Improve Quality.

chest

A new editorial policy has been established to enhance the quality of content, focusing on accuracy, relevance, and impartiality.

user avatarJacob Williams

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.