Ripple CEO Brad Garlinghouse took to Twitter on Mar. 12 to discuss the company’s exposure to Silicon Valley Bank (SVB) 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.
Setting the record straight on SVB Qs:
Trending: SHE WILL LEAVE YOU SPEECHLESS! Michigan’s New GOP Chair Kristina Karamo Gives Brilliant History Lesson to Leftist Media Activists on Gun Control in EPIC Press Conference [VIDEO]
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.
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!