In a recent interview, Ripple CEO Brad Garlinghouse highlighted the company’s strong performance and strategic focus on enhancing XRP utility. He reported record growth, including the success of major acquisitions like Hidden Road, now Ripple Prime, and discussed stablecoins as a critical entry point for traditional finance into the crypto ecosystem.
Ripple CEO Brad Garlinghouse stated to Fox Business that the company is “on a tear” and maintains a North Star focus on XRP. “We made two big acquisitions last year, both for over $1 billion. Both have overperformed our expectations.” The first acquisition, the prime brokerage once known as Hidden Road, was finalized and renamed Ripple Prime.
Garlinghouse said the business has tripled its revenue rates since the initial acquisition announcement. The second acquisition, Ripple Treasury, is also ahead of forecast, with Ripple anticipating a record quarter in Q1. He emphasized that all company growth is meant to make XRP “more useful, more trusted, with higher utility.”
Garlinghouse linked stablecoins to overall industry growth, viewing them as the entry point for legacy financial services. He noted Fortune 500 and 2,000 companies are exploring ways to gain exposure due to the speed and low cost of stablecoin transfers compared to traditional options. He added that outside businesses show “a ton of interest” in stablecoin solutions as a potential “ChatGPT moment for crypto.”
