XRP Price Soars Following Ripple CEO Meeting with Trump, RLUSD Listing on Bitstamp
Exciting news for Ripple and XRP fans! The XRP token saw a surge in value overnight due to some significant developments surrounding Ripple, the company behind XRP. After a period of relative stability, XRP experienced a 3% increase in value over the past 24 hours, thanks in part to the launch of Ripple’s stablecoin, RLUSD.
In a surprising turn of events, Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty recently had dinner with U.S. President-elect Donald Trump. While the details of their discussion remain private, speculation is rife within the crypto community about the potential implications of this meeting. Some believe that important topics related to crypto policies may have been on the agenda, given Alderoty’s outspoken criticisms of regulatory bodies. Regardless, it seems like everyone enjoyed a good meal, with Alderoty commenting that the beef bourguignon was excellent.
In addition to the dinner meeting, another exciting development for Ripple is Bitstamp’s listing of the Ripple USD (RLUSD) stablecoin on the Ethereum network. This move is seen as a significant step towards expanding the use of RLUSD for institutional-grade financial purposes, such as payments and tokenization. With Bitstamp’s reputation for regulatory compliance and trustworthiness, users can have confidence in the stability of RLUSD on the platform.
Looking ahead, Ripple is gearing up for what could be a momentous year. Ripple President Monica Long has hinted at the possibility of XRP exchange-traded funds (ETFs) being approved in 2025, along with plans to make the Ripple stablecoin available on more exchanges in the near future. With RLUSD now accessible on six platforms, including Bitstamp, Ripple enthusiasts have a lot to look forward to in the coming months.
Overall, these recent developments underscore Ripple’s continued commitment to innovation and expansion within the crypto space. As the company navigates changing regulations and explores new partnerships, the future looks bright for Ripple and its growing community of supporters.
