XRP Las Vegas 2024 Conference took place on May

XRP Las Vegas 2024 Conference took place on May 3rd and 4th, where Ripple's CEO Brad Garlinghouse addressed concerns and reaffirmed Ripple's full commitment to XRP during a chat session.

Brad emphasized that anyone questioning Ripple's support for XRP is mistaken. His comments hold weight as Ripple prepares to launch a stablecoin soon. Brad had previously defended XRP, stating it's not a security, similar to Ethereum.

Investors had doubts about Ripple's backing for XRP, especially with the upcoming stablecoin launch. They feared Ripple might favor Stablecoin over XRP for global payments due to legal issues and U.S. regulations.

Additionally, when XRP was excluded from Ripple's liquidity hub, many thought it was due to the SEC lawsuit. Even after the court ruled in favor of XRP, USDT and USDC were added instead. XRP was left out due to ongoing regulatory concerns in the U.S.

Ripple's CTO hinted at a stablecoin launch in June to bridge traditional finance with crypto markets. The stablecoin will be backed by U.S. dollar deposits, government bonds, and cash equivalents, ensuring stability and security.

At the conference, the CTO teased an upcoming announcement at the XRPL Apex event in Amsterdam on June 11-13. This could be a game-changer for the XRP ledger ecosystem, opening new opportunities for decentralized finance apps with XRP's dex capabilities and the stablecoin.