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

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.