Ripple CEO Brad Garlinghouse said XRP is not necessarily the best option for every payment-related use case, arguing that practical utility should determine which crypto asset is used. In a recently resurfaced conversation at Faena Rose titled The Transformative Power of Crypto Assets, he said XRP could be the optimal bridge asset (an intermediary asset connecting currencies) for some cross-border payments, while a stablecoin (a crypto token designed to maintain stable value) could solve other payment problems more effectively. Garlinghouse said he is not an XRP maximalist and is bullish on multiple cryptocurrencies, including Solana, which he personally holds. He also criticized speculative trends including NFTs, Bored Apes and meme coins, saying tokens should have real use cases and solve problems. Garlinghouse recalled backlash after criticizing Dogecoin while Elon Musk was speaking positively about it. Despite disagreements with Coinbase over the now-failed Clarity Act, he praised Coinbase and CEO Brian Armstrong as important figures in the U.S. crypto industry.