According to PANews, Ripple CEO Brad Garlinghouse announced that with the rise in XRP prices and the growing demand for Ripple's blockchain solutions, the company's original $11 billion valuation is "seriously outdated."
Garlinghouse pointed out that the value of XRP held by Ripple has exceeded $100 billion, far exceeding its net asset value. He emphasized that Ripple provides solutions such as custody and cross-border payments in the B2B field.
Garlinghouse also mentioned that Ripple’s stablecoin RLUSD will leverage XRP to improve liquidity and open up more possibilities for decentralized exchanges and automated market maker functionality.
He believes that the departure of SEC Chairman Gary Gensler and the new government's regulatory clarity have brought a "turning point" for Ripple, and expects U.S. interest to return in the coming months.
