Ripple CEO says stablecoins offer a 'ChatGPT' moment for businesses

Ripple (XRP) CEO Brad Garlinghouse said stablecoins will offer a 'ChatGPT'-like innovation for companies seeking faster and more efficient payment methods. In a recent interview with Fox Business, he noted that many major global companies are already discussing and formulating strategies to incorporate stablecoins into their operating systems, Cointelegraph reported. Garlinghouse added that boards and executives are asking their finance officers about the potential uses of stablecoins. He emphasized that, similar to the emergence of ChatGPT, stablecoins will act as an entry point for businesses to access a broader range of blockchain-based services. Ripple has previously launched RLUSD, a stablecoin based on the Ripple Ledger (XRPL).