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Ripple CEO Brad Garlinghouse shared his opinion on the recent collapse of the Terra ecosystem and its subsequent impact on the rest of the crypto market. He noted that this is a sad event, but it does not indicate that algorithmic stablecoins have failed:
“Who says algorithmic stablecoins won’t succeed in five to ten years?”
Cointelegraph interviewed Ripple CEO Brad Garlinghouse at the Filecoin Foundation’s Decentralized Web Gateway event in Davos.
“Regulation and clarity are the key things we expect from regulators when it comes to the crypto industry,” Garlinghouse told Cointelegraph, adding:
“In Davos, the word ‘crypto’ used to be a bad word. Now they are talking about it more and more and the number of cryptocurrency companies taking part has grown. “
Ripple Senior Vice President Brooks Entwistle shared his opinion on the current debate about whether the industry is going through a cryptocurrency winter. He told Cointelegraph:
“This has happened before. It’s going to happen again. And I think for us, we’re building into that. I think it’s an opportunity. […] In a way, it’s a lot of noise, and we have to reduce the noise and focus on the signal.”
#Brad #Garlinghouse #shared #opinion #collapse #Terra
