In a closed-door session in Las Vegas, Ripple CEO Brad Garlinghouse had a conversation with digital finance expert Chris Brummer, covering key aspects of the company's future and the crypto industry.
Discussion with Chris Brummer
Brummer shared details from the discussion, emphasizing Garlinghouse's dismissal of rumors that Ripple had offered $10 billion for Circle, the issuer of USDC. He noted that exploratory discussions were not entirely ruled out, but the main point was that there are no plans for acquisition.
Ripple's Infrastructure Ambitions and RLUSD
Garlinghouse revealed Ripple's plans for RLUSD, stating it is not just another stablecoin but a foundational element of the company's infrastructure. He explained that RLUSD will be used as collateral for transactions, leveraging the XRP Ledger, highlighting Ripple's commitment to building quality financial infrastructure.
Future Dialogue and XRP Community Response
Garlinghouse touched on the importance of diplomacy in the crypto space, criticizing negative rhetoric between projects. He symbolically gifted a replica of the Satoshi Nakamoto skull to the Bitcoin community. The XRP community's response was mixed: some praised Garlinghouse's clarity, while others raised questions about XRP's role in the ecosystem.
By strategically approaching development, Ripple aims to integrate with the traditional financial system and build effective bridges to the crypto economy, garnering interest and support from the XRP community.
