"Ripple CEO Brad Garlinghouse Says 'Memcoin is Overvalued'"

"Memcoin has too much fraud," Ripple CEO Brad Garlinghouse said at Ripple APEX 2025's "From Meme to Market: Organizations Open to Crypto" session in Singapore

At Ripple APEX 2025's "From Meme to Market: Organizations Open to Crypto" session in Singapore on the 10th, Ripple CEO Brad Garlinghouse said that memcoin is overvalued and has too much fraud.

The session was attended by Ripple CEO Brad Garlinghouse, Ripple President Monica Long, and GFTN CEO Pet Patel.

"Memcoin is similar to the ICO boom," said Monica Long Ripple, president of the company. "There are things like bringing users to the ecosystem and developers."

On the other hand, CEO Brad Garlinghouse said, "Memcoin is not sustainable and makes short money and ends the cycle," adding, "It is overrated."

He also said, "I admit that Elon Musk brought a lot of capital to the ecosystem with Dogecoin, but there are too many rug pools, real products, no real consumers, and too many negative use cases where investors are deceived."

Regarding stablecoins, he also said, "Tether and USDC will continue to be successful."

"If bank coins such as JPM Coin and DBS Coin are issued, will competitors accept them?" he said. "Coins such as USDC and Tether will continue to be successful."

"We need a more neutral stablecoin," he said. "We minted 20% of USDC's distribution at XRPL, and this use case will be more important."

President Monica Long also said, "The stablecoin market will grow into a multiplex over the next few years," but added, "I don't know if bank stablecoins will succeed easily."