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Ripple CEO Garlinghouse Skirts Bank Acquisition Question While Emphasizing Regulated Stablecoin Strategy
On Feb. 18, Ripple CEO Brad Garlinghouse avoided giving a direct answer on whether the company plans to buy a bank, instead reiterating Ripple's focus on serving institutional clients and collaborating with existing financial players. He highlighted the growth of Ripple's RLUSD stablecoin, its New York trust license and conditional OCC charter, and argued that clearer US legislation has already boosted demand for stablecoins and XRP Ledger-based payments.