{"id":78031,"date":"2026-03-27T12:47:08","date_gmt":"2026-03-27T12:47:08","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=78031"},"modified":"2026-03-27T12:47:08","modified_gmt":"2026-03-27T12:47:08","slug":"garlinghouse-reveals-why-ripple-really-pivoted-to-its-own-stablecoin","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=78031","title":{"rendered":"Garlinghouse Reveals Why Ripple Really Pivoted To Its Own Stablecoin"},"content":{"rendered":"
\n

Ripple\u2019s decision to launch RLUSD was not a sudden expansion beyond XRP so much as a move to internalize a business it was already helping power at scale. Speaking at FII Priority Miami 2026<\/a>, Ripple CEO Brad Garlinghouse said the company\u2019s role in stablecoin flows had grown large enough that building its own product became the logical next step.<\/p>\n

Why Ripple Entered the Stablecoin Market<\/h2>\n

Garlinghouse said the turning point came well before RLUSD\u2019s launch<\/a> 13 months ago. \u201cTwo years ago, we were minting 20% of all USDC,\u201d he said, tying that activity directly to Ripple\u2019s payments business. With more than $100 billion in payment flows already processed, Ripple concluded that if it was already a major engine behind stablecoin usage, it made sense to bring that function in-house.<\/p>\n

He also linked the decision to a moment of stress in the stablecoin market. Garlinghouse pointed to USDC\u2019s temporary depeg during the Silicon Valley Bank collapse<\/a> as a reminder that institutional users care about balance-sheet strength as much as blockchain rails.<\/p>\n

\u201cCircle came out and said, hey, we\u2019ll stand in the gap. We\u2019ll guarantee the peg. And it didn\u2019t move because at that point, Circle didn\u2019t have a balance sheet,\u201d he said. \u201cRipple has on our balance sheet, you know, 60, 70 billion dollars of crypto. We have about four billion dollars of US dollars. And so I think we\u2019re in a position to really have a very compliant, very institutional focused stablecoin.\u201d<\/p>\n

According to Garlinghouse, stablecoins are increasingly adopted not because companies want exposure to crypto branding, but because they want a better way to solve treasury, settlement and cross-border transfer problems. That broader shift, he argued, is already reshaping how the sector is perceived.<\/p>\n

Garlinghouse compared the current state of crypto to the internet industry in the late 1990s, when companies led with the technology rather than the use case. \u201cWe don\u2019t talk about anything as an internet company now because it\u2019s just prevalent in the background,\u201d he said. \u201cAnd I think that\u2019s where some of the blockchain and crypto based solutions are heading\u201d. Companies, he added, \u201cjust want to solve a payments problem. They want to solve a custody problem.\u201d<\/p>\n

On market structure, Garlinghouse expects the stablecoin field to get more crowded before it gets smaller. He said the biggest banks are already evaluating<\/a> whether they should issue their own stablecoins, but questioned whether the market benefits from too many dollar-backed instruments that ultimately serve the same economic function. \u201cWe don\u2019t need, you know, 50 US dollar stablecoins. Like, why? Like, they\u2019re all, it\u2019s still, at the end of the day, a U.S. dollar,\u201d he said.<\/p>\n

That does not mean he sees no room for differentiation. Instead, he argued that trust, licensing and reserve transparency will become the real competitive variables as the market matures. Ripple, he said, has deliberately taken a compliance-first route, pursuing not just a New York Department of Financial Services license but also an OCC license.<\/p>\n

He added that the sector as a whole needs more regulatory verification and disclosure, pointing even to Tether\u2019s renewed push for an audit as evidence that transparency is becoming harder to avoid.<\/p>\n

Garlinghouse was similarly upbeat on the US policy backdrop. He described passage of the Genius Act as a major unlock for demand and said corporate executives are now actively asking whether stablecoins should be part of their operations. While he said follow-on legislation around asset classification has been slower, he argued the tone in Washington has already shifted sharply, citing recent coordination between the SEC and CFTC and predicting further progress by the end of May.<\/p>\n

\u201cSo I think we already have made huge progress in this administration to provide some of that structure and Clarity [Act]<\/a>. I think clarity will still pass. I was in Washington two days ago, and I think we\u2019ll still get something. [\u2026] I\u2019ll predict by the end of May we\u2019ll get something across,\u201d Garlinghouse said.<\/p>\n

At press time, XRP traded at $1.36.<\/p>\n

\"XRP<\/div>\n","protected":false},"excerpt":{"rendered":"

Ripple\u2019s decision to launch RLUSD was not a sudden expansion beyond XRP so much as a move to internalize a business it was already helping power at scale. Speaking at FII Priority Miami 2026, Ripple CEO Brad Garlinghouse said the company\u2019s role in stablecoin flows had grown large enough that building its own product became […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-78031","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/78031","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=78031"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/78031\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=78031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=78031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=78031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}