Ripple Chief Executive Officer Brad Garlinghouse has published a tweet to share Ripple’s quarterly XRP markets report and make a recap of the biggest milestones achieved by the company and the XRP token.
In particular, Garlinghouse highlighted several XRP ETF filings submitted both in the last quarter last year and this year already.
Suffice it to say - Q4 2024 was absolutely one for the XRP history books. 5 different firms filed for XRP-related ETPs in the US (plus 4 more this month ); $RLUSD launched, hitting a $100M market cap within a month; and on-chain XRPL DEX trading volume reached $1B in Q4! More… https://t.co/X3m9Q1GHjH
— Brad Garlinghouse (@bgarlinghouse) January 31, 2025
Achievements for XRP history books named by Ripple CEO
In a recent tweet, Brad Garlinghouse stated that the fourth quarter last year “was absolutely one for the XRP history books.” He named those achievements — five different finance management firms submitted filings for XRP-based exchange-traded products in the U.S., and four other companies did likewise this year already.
The next milestone reached by Ripple was the launch of the Ripple USD (RLUSD) stablecoin in December. As reported by U.Today, earlier this week, Ripple’s new product surpassed the $100 million market capitalization threshold. The final Ripple achievement named by Garlinghouse was that in the fourth quarter 2024, the on-chain trading volume of the XRPL DEX (decentralized exchange) reached a $1 billion moonstone.
The Ripple quarterly XRP markets report made a reminder that in Q4 last year, the XRP coin stood out with a massive 280% price increase. It was driven, the report says, with strong demand from top exchanges — Binance, Upbit Korea, Coinbase and others.
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Gary Gensler’s final strike against Ripple as SEC chairman
Another important thing highlighted in the document was the resignation of the Securities and Exchange Commission (SEC) chairman Gary Gensler from his position and his return to the MIT as a lecturer. Gensler’s position in the SEC has been already filled with the Acting Chairman Uyeda, who stated that the SEC under Gensler created a lot of "confusion about what is legal” and what is not in the cryptocurrency space.
However, before Gensler left, the SEC filed an opening brief in its appeal against the judge’s decisions made in favor of Ripple during the long-lasting legal case.
Ripple mints 5.56 million RLUSD
The minting of RLUSD stablecoins continues. According to data shared by the Ripple Stablecoin Tracker account on the X social media platform, during the past 20 hours, Ripple Treasury has minted three batches of Ripple USD.
💵💵💵💵💵💵 2,000,000 #RLUSD minted at RLUSD Treasury.https://t.co/2NaOwi8pnC
— Ripple Stablecoin Tracker (@RL_Tracker) January 31, 2025
They contained 2,000,000, 2,100,000 and 1,460,131 RLUSD.
