The Scoop
Ripple's upcoming stablecoin will 'complement' XRP, says Ripple President Monica Long
Jun 25, 2024
Ripple's President Monica Long discusses the impact of SEC's decision on XRP, upcoming stablecoin launch, tokenizing real-world assets, institutional interest in stablecoins, and potential for an XRP ETF. The episode highlights Ripple's growth in payment processing and regulatory clarity for digital assets.
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Quick takeaways
- Ripple's stablecoin aims to enhance US dollar transactions, focusing on liquidity and regulatory compliance.
- Ripple explores tokenization of real-world assets like securities and money market funds for financial efficiency.
Deep dives
Business Growth and Expansion
Ripple's business has seen growth and expansion, especially after the US court's decision with the SEC, clarifying that XRP is not a security. The company's focus on cross-border payments has led to infrastructure developments for connectivity with traditional financial realms in over 80 markets. With acquisitions like Medeco for custody services, Ripple aims to provide holistic enterprise blockchain infrastructure.
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