Ripple IPO: David Schwartz Makes Key Expose on His Stock Option
With talks with investors continuing and Ripple valued at an astounding $11 billion, expectations for the company’s future IPO plans are growing.
With talks with investors continuing and Ripple valued at an astounding $11 billion, expectations for the company’s future IPO plans are growing.
Steingraber stated that while the price of XRP is currently determined by supply and demand on exchanges, traditional finance institutions such as Bank of America are restricted from using the asset due to regulatory requirements
The latest argument centers on the accusation that the exchange discriminated against institutional investors during the sale of XRP through its On-Demand Liquidity (ODL) platform.
Considering Ripple’s position and reputation in the crypto ecosystem, the new stablecoin is likely to be a tough rival for USDT and USDC.
According to the Ripple CEO, Bitcoin ETF market and the network’s upcoming halving will spike the crypto market by 100% this year.
The prospect of an XRP ETF being backed by prominent financial institutions has further fueled speculation about the potential for XRP to reach new heights.
The new Ripple-backed stablecoin on the XRPL and Ethereum networks will significantly improve XRP’s liquidity through the recently unveiled AMM.
The SEC has filed the motion of remedies for the final judgement in the XRP case. Analyst say that Ripple’s decision of selling XRP at discount to big institutions could hurt the XRP price.
Despite the challenges, Ripple’s commitment to its core values has remained unwavering. The company’s dedication to simplifying international payments for everyone has been a driving force behind its success.
Although Garlinghouse did not speak specifically on an XRP ETF, he noted that there will likely be other crypto ETFs with time.