Payments platform Ripple is announcing its plans to create a new US dollar-pegged stablecoin on Ethereum (ETH) and the XRP Ledger. In a new press release, Ripple Labs says that its stablecoin, which has yet to be named, will be pegged 1:1 to the US dollar and will be 100% backed up by cash, short-term […]
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The chief executive of Ripple Labs says that former FTX CEO Sam Bankman-Fried’s meetings with U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler were “shameful.” Responding to an opinion piece by the Wall Street Journal questioning Gensler’s failure to foresee the FTX collapse, Brad Garlinghouse says it was shameful that the SEC chair was […]
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Ripple chief Brad Garlinghouse reportedly says that the firm will leave the country if the U.S. Securities and Exchange Commission (SEC) wins its lawsuit against them. According to a new report from Axios, Garlinghouse says that the company will cease to operate in the US if they lose the lawsuit that the SEC filed against […]
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