Ripple has initiated a search for a Vice President of Partnerships to lead its institutional DeFi initiatives. This move aligns with new stablecoin legislation.
Ripple Begins Search for VP
Ripple announced the commencement of a search for a Vice President to head its institutional DeFi initiatives within the RippleX division. The objective of this role is to drive the adoption of the XRP Ledger by creating strategic relationships in the financial and digital asset sectors.
Candidate Requirements
The ideal candidate should possess over 15 years of experience in financial services, with in-depth knowledge of capital markets and economic infrastructure. Strong negotiation skills and an understanding of blockchain are essential for executing Ripple's DeFi roadmap.
New Stablecoin Law and Its Impact
The search for Ripple's Vice President coincides with U.S. President Donald Trump's signing of the GENIUS Act, which legalizes stablecoins. The law mandates issuers to back their assets with liquid instruments such as U.S. dollars or short-term government bonds, along with ongoing disclosure requirements for reserve composition.
The initiation of this VP search indicates Ripple's strategic approach to entering institutional DeFi, particularly in the context of evolving regulations, affirming its position as a leader in the space.
