According to CEO Brad Garlinghouse, Ripple has about $60 billion to $70 billion in crypto assets, along with about $4 billion in cash. In a recent interview at the FII Priorities Miami Conference, he revealed: $XRP This figure does not include funds held in escrow by Ripple, suggesting additional reserves beyond the reported balance sheet.
This ownership level positions Ripple among the strongest players in the digital asset space, especially as it expands its offerings for institutional investors.
$RLUSD It wasn’t a sudden move.
Garlinghouse said of the decision to release: $RLUSD It was directly tied to Ripple’s payment operations. The company has previously processed more than $100 billion in cross-border transactions and was responsible for minting about 20% of it. $USDC We supply it at one point.
This experience led Ripple to build its own solution.
In his words, “If we’re the number one minter on the network, why don’t we actually do this ourselves?”
The transition has become more urgent. $USDC The peg was lifted when Silicon Valley Bank failed, raising concerns about backing and reliability. $RLUSD It is positioned as a compliance-oriented stablecoin aimed at institutional use.
Was it worth it?
Not everyone is convinced. Some X users claim that: $RLUSDThe company’s growth, which reportedly has a market capitalization of $1.5 billion, may be distracting. $XRP. They also point out that $XRPWhile there are concerns about price declines from 2025 highs and ongoing token unlocking, some say financial institutions may prefer stablecoins instead of using them for payments. $XRP For liquidity.
More players enter the market
Garlinghouse revealed at the convention that more players are entering the space. Major institutions such as banks are actively considering issuing their own stablecoins, which could lead to short-term expansion.
However, he does not believe that the number of coins will increase indefinitely. “We don’t need a $50 stablecoin,” he said, warning that too many options could lead to fragmentation similar to early banking systems.
Over time, he expects more consolidation, dominated by a few powerful players specializing in different areas such as payments and custody.
Move clearly.
Regulatory developments are influencing the direction of the market. Garlinghouse cited recent U.S. initiatives, including the GENIUS Act, as a contributing factor to increased corporate interest in stablecoins.
He also noted improved coordination between regulators, including the SEC and CFTC, which have recently collaborated on the classification of some digital assets. Discussions are underway over additional legislation, including the CLARITY Act, and are focusing on issues such as stablecoin yields.
Stablecoins move toward mainstream use
Ripple believes that stablecoins are not a niche product, but a core part of the financial system. As Garlinghouse stated,
“There is a wave of stablecoin payments happening, and it will happen quickly.”
Ripple is positioning itself among the widespread adoption of stablecoins due to its deep reserves and growing interest from institutional investors.
