Ripple’s CEO, Brad Garlinghouse, recently highlighted the company’s commitment to enhancing the utility and trustworthiness of XRP during an interview with Fox Business at a conference in Miami. Garlinghouse expressed pride in the company’s achievements over the past year, particularly emphasizing the significant acquisitions, including the prime brokerage Hidden Road, which was acquired for over $1.2 billion.
The completion of this deal last year marked a substantial shift for XRP, as the platform was rebranded to Ripple Prime. Garlinghouse noted that Ripple has been experiencing tremendous growth, with Ripple Prime reportedly tripling its revenue since the acquisition was first announced. He remarked on the dual focus of the company: ensuring the health of the broader crypto market while advancing Ripple’s technology.
In addition to Hidden Road, Ripple’s acquisition of Ripple Treasury has exceeded expectations, contributing to what Garlinghouse predicts will be a record quarter. He emphasized that the strategic developments aim to bolster XRP’s position as a digital asset that is “more useful, more trusted, with higher utility,” which he described as the company’s guiding principle.
Despite the positive strides made by Ripple, the state of XRP has been less favorable; the asset has seen a decline of over 60% since its all-time high in July 2025, dipping below the $1.40 support level recently.
Garlinghouse also discussed the rise of stablecoins within the crypto sector, suggesting they serve as a crucial entry point for traditional financial institutions. Many Fortune 500 and Fortune 2000 companies are exploring stablecoins to gain exposure to digital assets. He pointed out the inefficiencies of traditional currency transfers, which can take up to 3-5 business days and incur high fees. In contrast, stablecoin transactions can be executed almost instantaneously and at a much lower cost.
He noted a growing interest from external businesses in stablecoin solutions, likening their potential impact on the crypto market to a “ChatGPT moment,” where these businesses can familiarize themselves with digital assets before delving deeper into blockchain technology.
