Ripple CEO Brad Garlinghouse announced over $2 billion in private share buybacks and a $1 billion market cap for Ripple's stablecoin RLUSD during a CNBC interview at the Swell Conference in New York. Garlinghouse highlighted strong institutional demand, citing confidence in Ripple's long-term vision and its role in blockchain financial infrastructure.
Additionally, Ripple has raised $500 million, boosting its valuation to $40 billion. The company is also pursuing a $4 billion acquisition strategy aimed at integrating traditional finance with blockchain technology.
Ripple Announces $2B Share Buybacks and $1B RLUSD Market Cap
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