Why Global Banks May Pick XRP Over Stablecoins Like USDT; Ex-Ripple Exec
A fascinating debate about XRP and stablecoins like USDT has emerged between former Ripple CTO David Schwartz and members of the XRP community. During the exchange, questions were raised about whether banks would choose XRP despite Ripple’s concentrated token ownership—and whether the cryptocurrency still remains relevant in an era dominated by stablecoins. Schwartz responded with […]
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With the crypto market crash has come a renewed interest in the cover that stablecoins provide investors. As a result of this, crypto investors had flocked to stablecoins such as USDT, BUSD, USDC, etc, for this exact reason. What followed was fierce competition between these stables as they pulled for more market dominance. Evidently, USDT […]
A former Ripple executive is speaking out about how the firm’s previous work with central bank digital currencies, also known as CBDCs, may help XRP’s growth. Welfare also pointed out that the next step is making CBDCs, stablecoins, and other forms of digital money work together. If this happens, XRP could benefit and play a […]
Ripple’s U.S. dollar–backed stablecoin RLUSD has reached a $1 billion market capitalization just one year after launch, marking another milestone for XRP and the broader Ripple ecosystem. The milestone was highlighted by Ripple executive Jack McDonald, who pointed to a combination of regulatory compliance, institutional infrastructure, practical usage, global expansion, and multichain interoperability as the […]
Security certifications topped the list of concerns for financial institutions weighing tokenization partners, with 97% saying standards like ISO and SOC II were non-negotiable — a sign that trust, not just technology, is now driving deals in institutional crypto finance. Related Reading: Bitcoin Gains Ground On Gold Even As Both Assets Slide Stablecoins Lead As Finance Firms Shift Crypto Focus A new survey from Ripple, released Thursday, found that 72% of more than 1,000 financial industry executives worldwide believe their companies must offer digital asset solutions to remain....
The Massachusetts senator said that it’s “worth considering” banning U.S. banks from holding the reserves to back private stablecoins. United States Senator Elizabeth Warren, one of the most vocal cryptocurrency skeptics in the U.S. government, has called the cryptocurrency industry the “new shadow bank.”In a Sept. 5 interview with the New York Times, Warren said that the cryptocurrency industry offers “many of the same services” as shadow banks, but still lacks “consumer protections or financial stability that back up the traditional system.” Warren expressed concerns over the rapidly....