Ripple CEO Brad Garlinghouse has reassured his followers that Ripple is fine — despite the recent upheaval at Silicon Valley Bank.
Ripple CEO Brad Garlinghouse took to Twitter on Mar. 12 to discuss the company’s exposure to Silicon Valley Bank and reassure his followers of Ripple's stability.
Ripple had exposure to SVB, Garlinghouse said, but “we expect NO disruption to our day-to-day business, and already held a majority of our USD w/ a broader network of bank partners.” His short tweet thread was intended to reassure users. “Rest assured, Ripple remains in a strong financial position,” he tweeted.Ripple had some exposure to SVB – it was a banking partner, and held some of our cash balance. Fortunately, we expect NO disruption to our day-to-day business, and already held a majority of our USD w/ a broader network of bank partners.
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