In an interview published on November 4, Garlinghouse addressed questions surrounding Ripple USD (RLUSD) and its growing role in the company's payments ecosystem. He stressed that the stablecoin's development was never intended to shift attention away from XRP, which Ripple internally considers its strategic North Star.
“We only want to do things that are good for $XRP,” Garlinghouse said, reiterating the company's commitment to supporting the token's broader utility.
Ripple Positions RLUSD as Part of Its XRP Strategy
Garlinghouse explained that RLUSD was developed to increase payment activity across Ripple's network. The choice between using XRP or a stablecoin depends on the payment corridor and currency pair involved, with the company prioritizing an efficient experience for customers.
He also disclosed that approximately half of all RLUSD had been issued on the XRP Ledger. Ripple wants to use its growing stablecoin operations to increase liquidity, trust and practical applications across the XRP ecosystem.
“Our goal is drive as much liquidity, drive as much trust and utility through $XRP as possible,” Garlinghouse said in the November 4 video.
The comments reinforce a strategy he outlined in February, when he described XRP as Ripple's North Star and connected the company's payments, prime brokerage, treasury, custody and RLUSD operations to the asset's development.
During XRP Community Day, Garlinghouse also identified utility, trust and liquidity as key priorities for the company's businesses.
RLUSD and XRP Serve Different Payment Requirements
Although both assets operate within Ripple's broader financial ecosystem, RLUSD and XRP serve different functions. RLUSD is designed to maintain a stable value against the US dollar, while XRP's price fluctuates according to market conditions.
According to Ripple, RLUSD is backed one-to-one by cash deposits, US Treasuries and cash equivalents. The stablecoin is designed for institutional applications that include payments, settlement and treasury operations.
This distinction is particularly relevant for businesses handling dollar-denominated obligations. Using a dollar-pegged asset allows companies to transfer funds while keeping the value of their payments aligned with the currency in which their obligations are measured.
In separate comments on X published November 3, Garlinghouse identified other stablecoins as RLUSD's competitors. He also expressed a preference for stablecoin applications operating on the XRP Ledger.
Ripple Focuses on Integrating Its Acquisitions in 2026
Garlinghouse also discussed Ripple's broader business development following $2.5 billion in acquisitions during 2025. He described 2026 as a year focused on integrating those businesses and expanding their contribution to Ripple's financial infrastructure.
The company's treasury operations represent one area of potential growth, particularly through opportunities to move traditional financial activities onto blockchain networks.
In prime brokerage, Garlinghouse estimated that approximately 20% of the business was already digital. He indicated that Ripple wants to increase that proportion as institutional adoption of digital financial services expands.
These developments form part of a wider strategy that connects Ripple's institutional services with XRP's potential role in financial transactions.
Garlinghouse Sees a Larger Institutional Role for XRP
The Ripple CEO has also outlined a five-year outlook in which XRP could develop into an important component of institutional financial infrastructure.
In a separate video from the Swell event shared on October 28, Garlinghouse discussed the potential for XRP to support institutional activity beyond conventional payments. He emphasized that the asset should be used where it makes sense for customers, arguing that capturing even a small portion of their transaction activity would be preferable to having no involvement.
The comments suggest Ripple's approach is focused on expanding the practical use of XRP across multiple financial services rather than requiring every transaction to use the token.
Anodos Finance Also Uses XRP for Treasury and Payments
Support for XRP as a business asset is also reflected in activity outside Ripple. Panos Mekras, co-founder and CEO of Anodos Finance, a developer of XRP Ledger trading and wallet tools, disclosed on May 31 that the company had been purchasing and holding XRP for its treasury.
Mekras said Anodos Finance had also been paying its team in XRP since 2023. He described the company's use of the asset across the XRP Ledger, Solana, which supports decentralized applications, and Flare, a network that connects applications with external data.
Garlinghouse's latest comments reinforce Ripple's position that its expanding stablecoin and institutional businesses are intended to contribute to the broader XRP ecosystem. While RLUSD provides a dollar-pegged payment option, the company continues to identify XRP's utility, liquidity and institutional adoption as central elements of its long-term strategy.
source: news.bitcoin
Writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
Writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
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The articles on Hokanews are here to keep you updated on the latest buzz in crypto, tech, and beyond—but they’re not financial advice. We’re sharing info, trends, and insights, not telling you to buy, sell, or invest. Always do your own homework before making any money moves.
Hokanews isn’t responsible for any losses, gains, or chaos that might happen if you act on what you read here. Investment decisions should come from your own research—and, ideally, guidance from a qualified financial advisor. Remember: crypto and tech move fast, info changes in a blink, and while we aim for accuracy, we can’t promise it’s 100% complete or up-to-date.
