Ripple's North Star: Improving XRP's Utility and Trust

Ripple's efforts to improve XRP have become a top priority for the company, according to its CEO Brad Garlinghouse.

In a recent interview with Fox Business at a conference in Miami, Garlinghouse emphasized that making XRP more useful and trusted is Ripple's main objective. The firm has been on a tear, he said, with significant growth in revenue rates since the acquisition of Hidden Road for over $1.2 billion.

The prime brokerage platform, which was renamed Ripple Prime after the acquisition, has tripled its revenue rates, according to Garlinghouse. This growth is attributed to the company's focus on developing XRP's utility and trustworthiness. The CEO noted that this development aligns with Ripple's goal of making XRP a more valuable digital asset.

Garlinghouse also highlighted the importance of stablecoins in the crypto industry, describing them as an entry point for traditional financial services to enter the market. He believes that stablecoins offer a faster and cheaper alternative to traditional payment methods, which can take up to 3-5 business days and come with higher fees.