Garlinghouse Says XRP Bridges Currency Pairs Without Dollar Conversion

Ripple CEO Brad Garlinghouse said Ripple uses XRP to bridge some currency pairs, a route that can avoid converting a payment into and out of U.S. dollars. He described Ripple’s payment rails as choices made to fit customer needs. “XRP continues to be an asset we use as a bridge asset between different currency pairs,” Garlinghouse said in an interview published Wednesday, Oct. 28. He named no specific corridor or payment volume. Garlinghouse also said about half of Ripple USD (RLUSD), Ripple’s U.S. dollar-backed stablecoin, had been issued on the XRP Ledger at the time of the interview.