Now Playing
Garlinghouse's Stablecoin Shock, CLARITY Collapse & XRP at $1.56 | Sep 24-26
Audio is available on Spreaker — see link below.
Ripple's CEO just admitted stablecoins may outperform XRP in payments — and the CLARITY Act is dead. Here's what that means for XRP's price, RLUSD's rise, and the XRPL's October upgrade.
Audio is available on Spreaker — see link below.
Brad Garlinghouse said the quiet part out loud on September twenty-fourth: stablecoins may actually solve payments better than XRP. That's Ripple's own CEO, effectively stepping back from the assumption that has underpinned XRP's investment case for years.
Here's what makes that comment land so hard. Ripple's stablecoin, RLUSD, has now surpassed two point four billion dollars in circulation, with around seven hundred fifty million dollars in daily transactions.
On the regulatory front, the CLARITY Act is dead. The six hundred thirty-five page crypto legislation failed in the Senate on September twenty-sixth, collapsing over conflict-of-interest provisions.
There is a concrete near-term development worth tracking. The XRP Ledger's Batch V1.1 upgrade is confirmed for October second.
The broader XRPL data tells an interesting two-sided story. Tokenized assets on the ledger jumped forty-two percent in average quarterly balance, reaching three point seven two billion dollars.
On price, XRP is testing a technically significant zone near one dollar fifty-six, which aligns with its fifty-week moving average. The first resistance sits at one dollar fifty-seven six, then one dollar sixty above that.
Chapter summary auto-generated from the verified script. Listen to the full episode for the complete content.