Ripple CTO Suggests XRPL Adoption May Grow Amid Ongoing Challenges and Bridge Currency Needs
Main Idea
Ripple CTO David Schwartz explains that XRPL’s low on-chain activity is due to systemic challenges, liquidity risks, and the necessity of bridge currencies like XRP in a multi-stablecoin market.
Key Points
1. XRPL’s on-chain usage remains limited despite banking partnerships due to systemic risks and institutional caution.
2. The XRP decentralized exchange (DEX) faces limitations from bad actors supplying liquidity, impacting security and adoption.
3. BlackRock is unlikely to rely exclusively on XRPL, opting for a multi-chain strategy for tokenized assets.
4. Bridge currencies like XRP remain essential in a multi-stablecoin market as no single stablecoin can dominate globally.
5. Regulatory clarity and technical innovations could accelerate XRPL’s growth by making it more attractive to banks.
Description
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Ripple CTO David
Latest News
- Jamie Dimon Suggests JPMorgan May Embrace USDC Stablecoin Amid Cautious Crypto Expansion2025-07-31 23:13:59
- Visa May Expand Stablecoin Settlement to Support AVAX and Additional Tokens on New Blockchains2025-07-31 23:13:07
- Coinbase Q2 2025 Earnings Show Mixed Results with Stablecoin Revenue Growth Amid Market Slowdown2025-07-31 22:58:39
- Shiba Inu Staking Surges Amid Declining Circulating Supply, Suggesting Potential Price Impact2025-07-31 22:26:21
- Ethereum Proposals Suggest Potential Quantum Resistance and Simplification Through Lean Ethereum and RISC-V Framework2025-07-31 22:25:23