Her comments highlight the company’s present priorities, which include expanding its payments business, launching dollar-pegged cryptocurrencies, often known as stablecoins, and forming new alliances, rather than pursuing an initial public offering.
The substantial backing indicates that Ripple is not under financial pressure to seek public capital at this time. Long emphasized that the company remains “very well capitalized,” allowing it to fund “organic growth” and pursue acquisitions or partnerships without needing to turn to the public markets.
For holders of XRP, Ripple’s choice to delay an initial public offering presents mixed implications. On one hand, the lack of a near-term public listing might postpone hopes for a liquidity event that could enhance XRP’s market visibility.
Conversely, the recent funding round and a reportedly doubled customer base quarter-over-quarter bolster confidence in Ripple’s growth trajectory and its stablecoin payment strategy.
Furthermore, Ripple’s focus on integrating stablecoins and progressing through regulatory frameworks appears to be bearing fruit. Long noted that clearer regulations in the US and internationally have “opened up the market,” leading to a surge in adoption.
Featured image from DALL-E, chart from TradingView.com
