News

Ripple's Chief Technology Officer, David Schwartz, has once again commented on the company's latest product, RLUSD stablecoin, which was launched earlier this week. In a video message shared on the company's official X account, Schwartz stated that RLUSD provides the right use case to benefit users and developers. It is a reliable asset designed to showcase the potential of XRP Ledger. Schwartz pointed out that this stablecoin brings both direct and indirect benefits in the XRPL ecosystem. One direct advantage is that it drives positive transaction volume while XRP itself serves as a bridge asset. The uniqueness of XRP lies in its ability to support various assets thereby expanding accessibility on decentralized exchanges on XRPL. Due to unique differences between two assets, XRP and RLUSD will complement each other with blockchain payment companies continuing to use XRP as a bridge in their proprietary products. Furthermore, he emphasized prospects for RWA tokenization market believing RWA will continue growing with increasing demand for stablecoins where RLUSD will dominate this market.