When Ripple CEO Brad Garlinghouse shared in June 2025 that the company had forged five new central bank digital currency (CBDC) partnerships in just Q2, it marked a defining moment. Suddenly, XRP, often seen as a speculative altcoin, was at the center of a global fintech revolution. Could this wave of institutional adoption finally be the catalyst fueling a ripple price to the next breakout?

In an announcement covered by Coin World on June 21, Garlinghouse confirmed Ripple is now actively collaborating with multiple central banks aiming to issue or pilot digital currencies on its XRP Ledger (XRPL), and not a single country, but five new national institutions in this quarter alone. While public names remain limited, insiders mention progress in Bhutan, Colombia, Japan, and a Southeast Asian government.

These pilot programs use Ripple's private-ledger implementation to manage distribution and cross-border exchange. While they don't necessarily require XRP tokens, analysts argue........

© International Business Times