Ripple’s executive Brad Garlinghouse is gaining industry attention for his notable leadership in the cryptocurrency sector. With Fortress Investment Group and Citadel Securities successfully closing a $500 million funding round, Ripple has achieved a valuation of $40 billion. This marks a significant milestone demonstrating the growth of major companies in the cryptocurrency industry.
Business Expansion Through Strategic Acquisitions
Ripple is actively pursuing an M&A strategy to strengthen its position in the on-demand payment and international remittance sectors. It invested $1.25 billion in the Hidden Road acquisition and allocated $200 million for the Rail acquisition, focusing on developing stablecoins and cross-border payment solutions. These strategic moves show Ripple’s commitment to establishing itself as a key player in the global payments market.
Market Performance of XRP and RLUSD
Ripple’s native cryptocurrency, XRP, currently has a circulating market cap of approximately 124.62B. Ripple’s self-developed RLUSD stablecoin has experienced rapid growth since its launch, expanding to about $1.02 billion. This indicates that Ripple’s stablecoin ecosystem is receiving positive recognition in the market.
High Praise from Industry Leaders
Prominent XRP community leader and lawyer John Dutton consistently praises Brad Garlinghouse’s leadership. He expressed repeated admiration for how Garlinghouse is guiding Ripple and emphasized the importance of his role within the cryptocurrency industry. These evaluations reflect that Ripple’s strategy and vision are trusted among industry experts.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Brad Garlinghouse, demonstrating leadership in the cryptocurrency industry, achieves Ripple's $40 billion valuation
Ripple’s executive Brad Garlinghouse is gaining industry attention for his notable leadership in the cryptocurrency sector. With Fortress Investment Group and Citadel Securities successfully closing a $500 million funding round, Ripple has achieved a valuation of $40 billion. This marks a significant milestone demonstrating the growth of major companies in the cryptocurrency industry.
Business Expansion Through Strategic Acquisitions
Ripple is actively pursuing an M&A strategy to strengthen its position in the on-demand payment and international remittance sectors. It invested $1.25 billion in the Hidden Road acquisition and allocated $200 million for the Rail acquisition, focusing on developing stablecoins and cross-border payment solutions. These strategic moves show Ripple’s commitment to establishing itself as a key player in the global payments market.
Market Performance of XRP and RLUSD
Ripple’s native cryptocurrency, XRP, currently has a circulating market cap of approximately 124.62B. Ripple’s self-developed RLUSD stablecoin has experienced rapid growth since its launch, expanding to about $1.02 billion. This indicates that Ripple’s stablecoin ecosystem is receiving positive recognition in the market.
High Praise from Industry Leaders
Prominent XRP community leader and lawyer John Dutton consistently praises Brad Garlinghouse’s leadership. He expressed repeated admiration for how Garlinghouse is guiding Ripple and emphasized the importance of his role within the cryptocurrency industry. These evaluations reflect that Ripple’s strategy and vision are trusted among industry experts.