Skip to content

Ripple CTO Drops Bombshell on XRP’s Usage in Ripple Payments

2025-07-31 18:10:41

Ripple CTO Drops Bombshell on XRP’s Usage in Ripple Payments

Main Idea

Ripple CTO David Schwartz emphasizes XRP's dominant role as a bridge asset in Ripple Payments, while acknowledging stablecoins' utility for collateral and edge cases due to their stability.

Key Points

1. David Schwartz states that XRP's use as a bridge in Ripple Payments far surpasses other assets, highlighting its integration into the XRP Ledger (XRPL) and its efficiency in reducing friction and cost for global transfers.

2. Ripple's On-Demand Liquidity (ODL) product relies on XRP for cross-border transactions, making it the preferred asset in Ripple’s liquidity corridors.

3. Stablecoins like USDC and USDT are preferred for collateral and edge cases where volatility is a disadvantage, with stablecoin payment volumes exceeding $1.3 trillion in 2024.

4. Schwartz suggests that top-tier digital assets, including XRP, are more appealing to hold than stablecoins for those not highly risk-averse, due to their broader functionality and speculative potential.

5. Increased real-world use of the XRPL is expected to enhance XRP's utility and value, as its deep integration into Ripple’s infrastructure makes it irreplaceable.

Description

Ripple’s Chief Technology Officer, David Schwartz , has once again drawn attention to XRP’s critical role in Ripple’s payment ecosystem. In a recent post on X, Schwartz remarked, “I don’t have the numbers in front of me, but I’m pretty sure XRP’s use as a bridge in Ripple Payments dwarfs every other asset.” His comment highlights XRP’s central position in Ripple’s infrastructure and sets the stage for a broader discussion about how XRP and stablecoins are used in today’s digital financial system...

>> go to origin page
Tags:
Cryptocurrency News Ripple CTO RLUSD XRP XRP Ledger
$USDC
$0.9995
-0.06%
$XRP
$3.0238
-2.46%

Latest News

More Reading