Finance Expert: XRP Doesn’t Need to be Backed By Gold, It Just Needs to Move It
Main Idea
Finance expert Versan argues that XRP does not need to be backed by gold to be valuable; its utility lies in facilitating the movement of tokenized assets like gold-pegged stablecoins on the XRP Ledger (XRPL).
Key Points
1. XRP's value is derived from its role as a bridge for tokenized assets, not from being commodity-backed.
2. Tokenized real-world assets on XRPL have surged by over 2,200% in six months, reaching over $118 million.
3. XRPL's features, such as high throughput and low fees, make it ideal for tokenization and institutional adoption.
4. Gold-pegged stablecoins on XRPL create a synthetic link for XRP, enhancing its strategic utility beyond speculation.
5. Ripple's USD-backed RLUSD and other institutional-grade tokens on XRPL further leverage XRP's bridging capabilities.
Description
In a powerful post shared on X, finance strategist Versan of Black Swan Capitalist delivered a compelling argument: “XRP doesn’t need to be backed by gold. It just needs to move it.” His statement reframes the digital asset’s utility, not as a store of value, but as the infrastructure that enables the seamless transfer of tokenized commodities such as gold, oil, and other real-world assets (RWAs) on the XRP Ledger (XRPL). XRP’s Role as a Bridge XRP was never designed to be a commodity-backed ass...
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