Ripple CEO gave the good news: Coming soon $XRP

Brad Garlinghouse, the famous CEO of Ripple, the company behind XRP, spoke at South Korean Blockchain Week. Garlinghouse said they will take out the company's stablecoin in a few weeks. The US executive stated that he is "more optimistic than ever" for cryptocurrencies on the basis of the next 5 years.

Ripple CEO Brad Garlinghouse gave him a few weeks for their stablecoins that will be tied to the dollar. Speaking at Blockchain Week in South Korea, Garlinghouse said, "There are only weeks for the stablecoin, not months."

“We saw the opportunity when USDC lost the pair”

Stating that they are about to finish the trial stages of their new stable coin, RLUSD, Garlinghouse also used the following statements:

“In fact, we saw an opportunity here when USDC fell below 1 dollar in last year's banking crisis. We said, 'This world needs a reliable player who already does business with many financial players'”

As it will be remembered, USDC, issued by Circle, experienced various challenges in the banking crisis in March 2023 due to its assets in the bankrupt Silicon Valley Bank. The parity, which had to depend on $1, had fallen to $0.80. Circle's assets of approximately 3.3 billion dollars were in this bank. With the US government stepping in and guaranteeing deposits, the atmosphere calmed down and the USDC parity returned to 1 dollar again.

While Gary Gensler continued his criticism at the conference, Garlinghouse also stated that the Ripple company does not have an IPO plan for now.

Expressing that he is more optimistic than ever for the next 5 years, Garlinghouse said, "I think there will be clarity and clarity in crypto again, even if it is not by the SEC, by the elected new government."