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Foreign media Youtoday, citing a source's testimony, reported on the 28th that the U.S. Securities and Exchange Commission (SEC) will approve the XRP futures Exchange Traded Fund (ETF) on the 30th. Youtoday explained that ProShares' XRP futures ETF application is approaching its effective date on the 30th, and the XRP futures ETF can be launched unless the SEC raises objections during that period. The XRP futures ETF applied by ProShares provides a 2x leverage on XRP.
2. Ripple President "No IPO Plans for 2025"
Monica Long, Ripple's president, announced through an official statement on the 27th that the company will focus on the company's financial independence and growth, and will not proceed with an Initial Public Offering (IPO) this year.
3. Payment Platform Stripe "Launching Enterprise Dollar Stablecoin Payment Platform"
Global payment platform Stripe announced that it will launch a U.S. dollar-pegged stablecoin payment platform for enterprises. Patrick Collison, Stripe's CEO, stated on his X account on the 27th that Stripe has been researching stablecoins for 10 years and will now unveil its pilot platform.
4. Brad Garlinghouse "XRP Price Could Match Bitcoin"
Brad Garlinghouse, Ripple's CEO, appeared on Bloomberg TV on the 27th and argued for the rise of XRP's price through Ripple's influence in the financial market and XRP's utility. He stated that Ripple has resolved regulatory issues in the U.S., and through its network of financial institutions, XRP's price could match Bitcoin (BTC).
Reporter Kwon Seung-won ksw@blockstreet.co.kr
