Ripple CEO Garlinghouse clarifies that XRP remains the company's priority despite increased focus on RLUSD stablecoin, and announces partnerships with Robinhood and BNY Mellon.
DeFi & Yields ·
Ripple CEO Brad Garlinghouse addressed concerns that the company is deprioritizing XRP in favor of its RLUSD stablecoin, reaffirming XRP's status as the firm's primary focus. Garlinghouse characterized XRP's utility as contingent on the specific financial application, while signaling openness to deploying XRP for transaction settlement even at modest adoption rates.
The company has moved to bolster institutional backing through new partnerships with Robinhood and BNY Mellon, extending access to both XRP and RLUSD across institutional channels. These agreements underscore Ripple's dual-asset strategy, in which fiat and stablecoin settlement may prove preferable to XRP for certain corridors, according to Garlinghouse's framing.
XRP has experienced marked price declines over the preceding year. The tension between Ripple's historical focus on XRP and its recent stablecoin push remains a point of public scrutiny, though the CEO's comments attempt to position both instruments as complementary rather than competitive within the company's broader payments infrastructure vision.