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Ripple IPO ImpactCoinGape
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77% Informative
Ripple CEO Brad Garlinghouse downplays immediate need for IPO , citing the company's strong financial position.
An IPO could increase Ripple ’s financial resources, but above all, the price of XRP may rise because increased visibility would engender investor confidence.
Business consultant Jake Claver said an IPO for Ripple Labs may shake the world like Amazon 's IPO did in 1997 .
He added that a Ripple IPO would finally give the company the war chest to scale business operations, expand into more markets, and execute strategic acquisitions.
Speaking about Ripple 's stablecoin, he indicated that their frequent use of USDT and USDC influenced the launch of RLUSD .
He also suggested that the SEC ’s ongoing appeal against Ripple is a tactic to obstruct the approval of XRP ETFs.
While the company still relies on other stablecoins for on-demand liquidity services, it plans to transition towards using RLUSD ..
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