Ripple CEO Brad Garlinghouse has acknowledged that he is “excited” about 2025.”Excited for the year ahead! “Momentum and heightened attention to practical applications are still growing,” he posted on social media earlier today.
Ripple’s big 2024.
It is important to remember that, in spite of Ripple’s legal dispute with the SEC, 2024 was a historic year for the company. It is worth noting that 2024 was a landmark year for Ripple despite the company’s legal battle with the SEC.
In February, it said that it would buy Standard Custody to get a highly sought-after U.S. charter.
In an attempt to challenge the market domination of Tether and Circe, among other prominent competitors, Ripple announced its entry into the stablecoin space in April.
XRP flips Tether (USDT) again
Then, when its price soared that month, the Ripple-affiliated XRP cryptocurrency began to make headlines. Chris Larsen, a co-founder of Ripple, allegedly increased his net worth by over $6 billion in the fourth quarter of this year after XRP’s massive climb. After months of anticipation, the business formally debuted the RLUSD stablecoin in December.
XRP flips Tether (USDT) again Meanwhile, the flagship USDT stablecoin has now lost ground to the Ripple-affiliated XRP token in terms of market value. Following a double-digit rise on the first day of the year, XRP’s market capitalization as of right now is $137 billion. Together, Stellar (XLM) and XRP saw enormous advances. A more hospitable regulatory environment and the potential legalization of spot ETFs are two triggers that are expected to help the token in 2025.