News View Non-AMP

XRP News: Ripple’s Strategy Unfolded at Las Vegas 2024 Conference

Published by
Qadir AK

In the XRP Las Vegas 2024 event held on May 3rd and 4th, amidst prominent crypto personalities, Ripple’s CEO Brad Garlinghouse clarified all the doubts and claimed its 100% commitment to XRP during a fireside chat.

He stated that anybody doubting Ripple’s commitment to XRP is missing and ‘has lost the plot’. Brad’s comments prove significant as the Stablecoin launch is nearing. Brad had also extended support to XRP earlier, claiming that it was not a security alongside Ethereum.

Why Do The Critics Think So?

Ripple’s recent development of launching a stablecoin this year on the XRP ledger and Ethereum is one of the factors why investors questioned Ripple’s support for XRP. It was believed that Ripple would choose Stablecoin over XRP for international payments while juggling legal hassles and navigating the U.S. regulatory complexities.

Secondly, following XRP’s exclusion from Ripple’s liquidity hub, several community members believed it was due to the ongoing SEC lawsuit. After the federal court ruled in favor of XRP of not being a security, an immediate inclusion was expected. However, USDT and USDC were added instead. XRP was excluded due to regulatory issues in the U.S. as Bill Morgan later clarified that the issues over Ripple’s use and sale of the crypto asset were not yet resolved.

Major XRP Updates

Moreover, Ripple’s CTO hinted at the launch of a stablecoin in June, which will bridge the gap between traditional finance and crypto markets. The CEO also revealed robust compliances, which will enable easy international payments and a global network. Furthermore, the stablecoin will be backed by U.S. dollar deposits, government bonds, and cash equivalents in a 1-to-1 ratio, ensuring users’ stability and security.

At the XRP Las Vegas conference, the CTO revealed an upcoming disclosure at the XRPL Apex event in Amsterdam on June 11-13. This could be a game-changer for the XRP ledger ecosystem as XRP’s dex capabilities, Automated Market Making (AMM), and the stablecoin are set to open new opportunities for the defi apps.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Recent Posts

Time to buy XRP? $55 million of Asset Outflow from Exchanges

XRP, the native token of Ripple Labs, is gaining massive attention from long-term holders despite…

April 4, 2025

Crypto Market Hit New Lows—Investors Looking Elsewhere? Ozak AI’s $0.003 Entry Looks More Promising!

The crypto market has recently experienced a vast downturn, with most important projects such as…

April 4, 2025

BTC Price Volatility Spikes Up—Is it a Good Time to Buy Bitcoin?

The US markets are experiencing one of the massive pullbacks, with major stocks plunging by…

April 3, 2025

Forget PEPE – Influencer Pepe (INPEPE) is the Future of Meme Coins with Real Utility!

PEPE hopped its way to a $3.8 billion market cap, but its reign as a…

April 3, 2025

Ripple (XRP) Eyes $10 as Ruvi AI (RUVI) Captures Investor Attention with Huge Growth Potential During Presale Phase 1

Ripple’s (XRP) recent rally from $2.00 to $2.20 has sparked excitement among cryptocurrency enthusiasts. This…

April 3, 2025

How High Can Influencer Pepe Go? Expert Predictions for 2025-2030!

The crypto circus has a new ringmaster: Influencer Pepe (INPEPE). This Pepe-the-Frog-inspired token is making…

April 3, 2025