Ripple CEO Brad Garlinghouse addressed criticism, potential XRP sales reduction, and RLUSD development plans in a recent interview.
Criticism and XRP Sales Plans
In an interview with Bloomberg, Brad Garlinghouse responded to criticism over Ripple's XRP sales, indicating that the company might reduce sales in the future. Currently, Ripple owns 42% of the total XRP supply, despite the decrease to 99.9 billion units.
SEC Appeal Withdrawal and Its Impact
The SEC has withdrawn its appeal against Ripple, providing more certainty for the company, according to Garlinghouse. Nevertheless, Ripple has yet to drop its cross-appeal against the SEC. Garlinghouse remarked that the company is now in a more advantageous position.
Future of Ripple USD (RLUSD)
Garlinghouse stated that the company's goal is to push RLUSD into the top 5 by the end of the year, anticipating significant growth in this market sector. RLUSD was recently listed on LMAX Digital.
Garlinghouse's interview sheds light on Ripple's strategic plans regarding XRP supply management and RLUSD development ambitions, highlighting their confident stance amidst the current regulatory environment.
