The post Ripple CEO Highlights the Firm’s $11 Billion Valuation as ‘Outdated’ appeared on BitcoinEthereumNews.com.

Ripple CEO Brad Garlinghouse has shared his insights on the company and its future under the new Donald Trump administration. The comments from the CEO come at a time when XRP is enjoying strong bullish momentum. Ripple’s $11 Billion Valuation “Outdated” Talking about Ripple’s market performance, Garlinghouse said that the company’s previous valuation of $11 billion is now “outdated.” He said the value of XRP held by Ripple itself exceeds $100 billion. The XRP token was trading at $2.44 at press time, up over 20% on the 7-day chart, according to CoinGecko. He also noted that Ripple’s private market trading has been much cheaper compared to other crypto-linked companies, such as MicroStrategy. In the interview with Citizens JMP, Brad Garlinghouse also discussed Ripple’s new stablecoin, Ripple USD, and its role within the broader XRP ecosystem. He highlighted Ripple’s vast experience working with institutions and managing payment flows. This positions the company well to launch a stablecoin that will be trusted by users globally. “Ripple has a lot of experience with institutions, a lot of experience with payment flows to bring a a product to market that is truly the most trusted. We were the first to come out with a trust license,” the CEO said. Garlinghouse explained that Ripple USD is designed to complement the XRP Ledger by enhancing its liquidity. He noted that the more liquidity available on the XRP Ledger, the better it is for the entire XRP ecosystem. The added liquidity helps reduce friction in transactions. Separately, crypto lawyer John Deaton said he believes that Ripple will go public either in Q4 of 2025 or Q1 of 2026. “I’ve already stated that I believe we see a Ripple IPO either in the last quarter of 2025 or the 1st quarter of 2026. The timing depends on how…

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Filed under: News - @ January 7, 2025 9:26 am