Why Ripple’s Skipping the IPO Party and Stashing Billions Like a Squirrel

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  • Ripple says “IPO? Eh, we’re good,” with pockets so deep they could host a pool party for whales 🐋
  • XRP’s still the bacon in the blockchain sandwich—can’t make the payment magic without it!

So, Ripple decided to ghost the whole IPO drama. Monica Long, the big kahuna president, told CNBC they’re too busy counting their billions and buying up the blockchain neighborhood like it’s Black Friday at the mall.

Money talks, public markets walk

The San Francisco dazzler’s got so much cash, they’re probably swimming in it like Scrooge McDuck. When asked, Monica said,

“At this moment, we have a lot of liquidity, so we do have billions of dollars of cash on the balance sheet…” 💸💸💸

Translation? “Why beg Uncle Sam for cash when we’ve got mountains of it already?” Instead of throwing an IPO fiesta, Ripple’s playing the long game, snapping up companies and stuff like a kid at a candy store with a fat wallet.

Meanwhile, their darling XRP token isn’t just for show—it’s the little engine that could, fueling the whole blockchain loco.

“XRP serves a couple different roles… within the blockchain, the XRP Ledger, it’s the native asset, so you need it for gas fees, you need it for the reserve account minimum, and so as there’s more users and more use cases built on XRP Ledger, that asset will always be needed.”

Ripple’s IPO soap opera—still no finale

If you thought this was a plot twist, think again! Ripple has been dodging IPO rumors like a pro since 2022. CEO Brad Garlinghouse once flirted with the idea—post-lawsuit, of course—but then decided, “Nah, we’re good with all these billions, thanks.”

Expansion: Buy, buy, buy!

Monica’s got her eyes on the prize: gobbling up companies and hitting global high notes. XRP’s strutting its stuff in cross-border payments, especially in Japan—where apparently, XRP is as easy to get as sushi 🍣.

And get this, Ripple’s mission is basically the blockchain’s version of Mr. Rogers—helping old-school banks shake hands with the futuristic crypto kids.

“It’s not realistic that the existing systems like banks are going to plug directly into the blockchain, they do need some connective tissue, that’s what we provide… things like getting from real-world currency, fiat currency into digital asset currency, those are on-ramps, the inverse would be off-ramps, secure custody… providing stablecoins and services for the institutions to be able to tokenize assets.”

Bottom line: Ripple’s strutting around confident, saying, “We don’t need your stock exchange spotlight—we’re too busy making moves in the shadows.” 🎬💼

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2025-04-29 01:15