PANews reported on January 7 that according to Coingape, Ripple CEO Brad Garlinghouse announced that with the rise in XRP prices and the growing demand for Ripple's blockchain solutions, the company's original $11 billion valuation has become "seriously outdated." In the interview, he mentioned that the value of XRP held by Ripple has exceeded $100 billion, becoming the key to reshaping the company's valuation prospects. Ripple was last valued at $11 billion in early 2024, when the company repurchased $300 million worth of shares.
Garlinghouse pointed out that Ripple is trading at a far lower price in the private market than its net asset value compared to cryptocurrency-related companies such as MicroStrategy. He said: "We hold XRP worth more than $100 billion, while MicroStrategy is trading at 3 times its net asset value, and Ripple has been undervalued." In the interview, Garlinghouse reiterated the company's focus on the B2B sector, including banks, payment providers and enterprises, where Ripple provides solutions such as custody and cross-border payments. Garlinghouse also emphasized that its stablecoin RLUSD will utilize XRP rather than replace it, thereby improving its liquidity and opening up more possibilities for leveraging Ripple's decentralized exchange (DEX) and automated market maker (AMM) functions.
Ripple's growth has also benefited from changes in the legal environment. Garlinghouse believes that the departure of SEC Chairman Gary Gensler and the regulatory clarity of the new government have brought a "turning point" for Ripple. He said: "The wind has changed, and although 95% of customers are outside the United States, I expect interest from the United States to return in the coming months."
