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February 2, 2026

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Canary Capital CEO Says Ripple’s Real Power Isn’t XRP Price — It’s Remittances and RLUSD

Forex 2 Mins Read

The post Canary Capital CEO Says Ripple’s Real Power Isn’t XRP Price — It’s Remittances and RLUSD appeared first on Coinpedia Fintech News

Canary Capital CEO Steven McClurg has shared his views on where Ripple could create the biggest real-world impact, following the company’s recent launch of Ripple Treasury after acquiring G Treasury.

Remittances Still Matter Most

McClurg said Ripple’s global remittances network remains one of the most important use cases in crypto today. While it may not be the biggest money-maker for the company, he believes it solves a real problem at global scale by making cross-border payments faster and cheaper, especially for countries that rely heavily on remittances.

RLUSD Seen as a Major Opportunity

Looking ahead, McClurg said the product he is most bullish on is RLUSD, Ripple’s U.S. dollar-backed stablecoin. He expects RLUSD adoption to grow quickly once it is fully integrated across Ripple’s partner network.

According to him, RLUSD could even challenge USD Coin over time, especially because of the regulatory framework under which RLUSD operates. He noted that RLUSD appears to have stronger oversight in the United States, which could make it more attractive to institutions and governments.

Could the U.S. Outsource a Digital Dollar?

McClurg also said that if the U.S. government decides not to launch a full central bank digital currency, it could instead outsource a digital dollar to private companies. In his view, Ripple and Circle would likely be the two main contenders for such a role.

He added that governments around the world have been exploring digital currencies for years and often approach companies with early experience in stablecoins. Based on those trends, he believes it is only a matter of time before the U.S. moves in this direction.

Institutional Questions Around XRP

When discussing XRP ETF, McClurg said one question comes up repeatedly from institutional investors: what gives the token its value? Unlike Bitcoin, which is widely understood as a digital currency, XRP requires more explanation.

He said institutions often need clarity on how XRP is tied to Ripple’s network and how it functions within that ecosystem. While the explanation can be complex, he believes it is a fair and important question that serious investors need answered.

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AMD stock surges over 5% ahead of Q4 earnings: what to expect

Stocks 3 Mins Read

Advanced Micro Devices’ stock surged more than 5% on Monday as investors positioned ahead of the semiconductor company’s quarterly earnings report, due after the market closes on Tuesday.

The rally reflects growing optimism that momentum in data-centre processors and artificial intelligence chips will continue, even as the broader chip sector navigates supply constraints and uneven demand signals.

AMD shares have outperformed in recent sessions as anticipation builds around whether the company can extend a run of solid execution and market-share gains, particularly in servers.

Earnings expectations set a high bar

Wall Street is forecasting another strong quarter from AMD. Analysts expect revenue of roughly $9.67 billion for the December period, representing growth of about 27% from a year earlier.

Adjusted earnings are projected at around $1.32 per share.

Those expectations follow a robust prior quarter, when AMD beat revenue estimates by about 5.6% and reported sales of $9.25 billion.

That performance reinforced confidence in the company’s exposure to cloud and enterprise customers, even as consumer PC demand remained more mixed.

During its third-quarter earnings call, Chief Financial Officer Jean Hu said the company’s fourth-quarter revenue outlook of approximately $9.6 billion, plus or minus $300 million, excludes revenue from shipments of its Instinct MI308 accelerators to China.

That disclosure highlighted the degree to which geopolitical and regulatory factors continue to shape AMD’s near-term revenue profile, particularly in advanced AI hardware.

Analysts see upside, but limits remain

RBC Capital Markets has reiterated its Sector Perform rating and $230 price target on AMD ahead of the earnings release.

Analyst Srini Pajjuri expects the company to beat consensus estimates and raise guidance, supported by healthy server demand and continued market-share gains in central processing units.

RBC anticipates that management will reaffirm previously communicated timelines for ramping its MI455 and Helios AI accelerators.

The firm said recent concerns around wafer supply constraints and execution risks tied to rack-scale systems are unlikely to derail those plans in the near term.

At the same time, RBC noted that AMD management appears confident about securing the initial gigawatt-scale opportunity with OpenAI, which the firm believes is already embedded in its financial models.

However, RBC cautioned that additional near-term upside from AI accelerators could be constrained by supply limitations, suggesting that expectations beyond current guidance may need to be tempered.

Cantor Fitzgerald has taken a more bullish stance, reiterating its Overweight rating and $350 price target on AMD, according to a report cited by Investing.com.

The firm expects AMD to deliver a modest beat for the December quarter and raise guidance for the March period.

Cantor Fitzgerald contrasted AMD’s outlook with Intel’s recent results, noting that AMD is not facing the same wafer transition challenges in its client and server products that weighed on Intel’s guidance.

That relative positioning has helped fuel investor confidence that AMD can continue to execute smoothly while competitors navigate internal and external headwinds.

The post AMD stock surges over 5% ahead of Q4 earnings: what to expect appeared first on Invezz

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