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Influential figures in the cryptocurrency industry, Garinghouse and Ripple's continuous growth
Ripple has surpassed a significant milestone with a corporate valuation of $40 billion, establishing itself as a notable player in the cryptocurrency market. In particular, this achievement under CEO Garlinghouse’s leadership has received high praise from industry experts.
The recent attention on Ripple is due to its strong fundraising performance. The $500 million funding led by Fortress Investment Group and Citadel Securities reflects the trust of institutional investors. With this financial strength, Ripple, led by Garlinghouse, is focusing on strategic acquisitions. The acquisitions of Hidden Road($1.25 billion) and Rail($200 million) demonstrate a systematic approach to securing stablecoin and cross-border payment infrastructure.
Ripple’s native cryptocurrency, XRP, is showing impressive results in the market. It currently has a circulating market cap of approximately $12.5 billion, and the RLUSD stablecoin has achieved remarkable growth of 1,825% since its launch.
As Garlinghouse’s strategic role is recognized within the industry, prominent figures including renowned lawyer John Dutton are supporting his leadership. This indicates that Ripple is viewed not just as a company but as a player pursuing structural development within the cryptocurrency ecosystem.