Update
Ripple CEO Defends XRP Utility
Ripple CEO Brad Garlinghouse defended the utility of XRP at the Swell 2026 conference, stating that the company will never give up on XRP despite rumors of support for Ripple USD (RLUSD). Ripple's annual product revenue run rate reached $900 million, processed $16 trillion in transactions, and the company is moving off-chain treasury and brokerage volumes onto the XRP Ledger blockchain. Ripple National Trust Bank (RNTB) received federal bank status, allowing for the legalization of RLUSD on on-chain repo markets and its listing on Coinbase, Robinhood, Binance, Kraken, and OKX.