Ripple CEO assures ‘strong financial position’ despite SVB collapse

According to Ripple CEO Garlinghouse, Ripple had exposure to SVB, but there is no disruption to Ripple’s day-to-day business since it already held a majority of its USD with a broader network of bank partners.

His short tweet thread was intended to reassure users. Garlinghouse also stated that Ripple remains in a strong financial position.