[REVISION HISTORY]

Ripple corporate strategy and XRP development

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2026-11-02 01:18 UTC → 2026-11-04 19:23 UTC · added ~~removed~~

Ripple CEO Brad Garlinghouse has engaged with investors and the public regarding the company’s long-term vision and the role of the XRP token. In private investor meetings, Garlinghouse addressed the need for patience and noted the distinction between Ripple’s reported $50 billion valuation and XRP’s market capitalization of approximately $132 billion. Following these discussions, Garlinghouse presented at the Ripple Swell event in New York, where he promoted the concept of an “internet of value” and defended the blockchain industry against regulatory criticism. The event coincided with the launch of Ripple’s RLUSD stablecoin and the approval for Ripple National Trust Bank to manage RLUSD reserves. Recent developments show that RLUSD has significantly impacted the XRP Ledger (XRPL), with the stablecoin supply exceeding $1 billion in Q3 2026. RLUSD accounted for 98.1% of the ledger’s stablecoin liquidity, leading to debates over whether the stablecoin is replacing XRP in dollar-to-dollar transactions. Garlinghouse defended XRP’s role on Bloomberg Crypto, stating it remains “at the heart of everything Ripple does” and serves as a unique neutral bridge asset for non-USD currency pairs. Internal tensions have also emerged via an open letter to Ripple leadership. The letter argues the company should take market action to increase XRP’s value to reward holders who supported the firm during its SEC legal battles. Conversely, other community members and legal experts have responded that Ripple has no obligation to influence token prices, noting that holders purchased a commodity rather than company equity. Ripple leadership continues to emphasize XRP’s utility within a broader institutional financial network. Managing Director for Europe, Sendi Young, confirmed XRP is a priority component of the payments network for cross-border transactions.

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