Ripple’s CEO Explains What Crypto Needs Most to Survive After the UST Meltdown

Norge Nyheter Nyheter

Ripple’s CEO Explains What Crypto Needs Most to Survive After the UST Meltdown
Norge Siste Nytt,Norge Overskrifter
  • 📰 Crypto_Potato
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 51%

The CEO of cross-border remittance company Ripple has shared some of the crucial roles of crypto and how the industry could stay afloat.

Transparency is a “critical” value in the crypto industry, Ripple CEO Brad Garlinghouse has pointed out. Speaking to Fox Business news, the executive said operations clarity has become even more important with the recent “meltdown” of the UST stablecoin.from the dollar, bringing down the whole Terra ecosystem with it. The crisis caused panic among investors, and many onlookers wondered whether other stablecoins would suffer a similar state.

He gave Ripple and XRP as an example of transparent players in the industry, saying the two have done their best to be the “adult” in the financial sector. Of note, Garlinghouse is currently attending the annual World Economic Forum in Davos-Klosters, Switzerland., the forum hosts different world leaders to discuss the world’s status quo, along with forging “partnerships and policies” for future use. Garlinghouse noted that he was in attendance with the aim of sharing Ripple’s mechanisms as part of keeping it transparent.

Other than solving “real-world problems,” the executive said blockchain tech reduces remittance costs and “improves the efficiency of cross-border payments.” El Salvador cited similar reasons when it adopted Bitcoin as legal tender last year.Since its inception, Terra, seemingly transparent, presented UST as an algorithmic stablecoin guided by the law of supply and demand.

Now the crypto sector has, more than ever, attracted regulators’ scrutiny. Gary Gensler, chair of the US Securities and Exchange Commission , recently

Vi har oppsummert denne nyheten slik at du kan lese den raskt. Er du interessert i nyhetene kan du lese hele teksten her. Les mer:

Crypto_Potato /  🏆 568. in US

Norge Siste Nytt, Norge Overskrifter

Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.

Transparency in crypto industry ‘critical’: Ripple CEOTransparency in crypto industry ‘critical’: Ripple CEORipple CEO Brad Garlinghouse weighs in on regulation and volatility in the crypto markets from WEF in Davos as bitcoin hovers around the $29,000 level.
Les mer »

Ripple CEO Says That Transparency Is “Critical” in Crypto IndustryRipple CEO Says That Transparency Is “Critical” in Crypto IndustryRipple CEO Brad Garlinghouse has addressed crypto regulation and market turbulence in a recent interview
Les mer »

WEF 2022: Ripple SVP says crypto winter provides an opportunity to buildWEF 2022: Ripple SVP says crypto winter provides an opportunity to build“This has happened before. It's going to happen again.” Brooks Entwistle, Ripple’s senior vice president for global customer success, gives some context on the crypto winter while speaking to KristinaLCorner at WEF22.
Les mer »

Read the internal memo from Snap CEO Evan Spiegel on a hiring slowdownRead the memo Snap CEO Evan Spiegel sent to employees about a hiring slowdown, and a 'further and faster' deterioration of the macro environment
Les mer »

DC AG Sues Meta CEO Zuckerberg Over Cambridge Analytica Privacy ScandalDC AG Sues Meta CEO Zuckerberg Over Cambridge Analytica Privacy ScandalThe lawsuit comes after a judge rejected Racine's attempt to add Zuckerberg as a defendant on his original consumer protection complaint against Facebook.
Les mer »

Abbott CEO apologizes for the formula shortage as the first overseas shipment arrivesAbbott CEO apologizes for the formula shortage as the first overseas shipment arrivesThe CEO of Abbott, the company whose voluntary recall of several baby formula brands helped trigger a nationwide shortage, has apologized for the crisis, as the first overseas shipment of formula approved by President Biden arrived in the U.S. | via NPR
Les mer »



Render Time: 2025-03-19 04:53:51