Ripple (XRPUSD)

[WiseYoda]

Both scenarios make sense, and no, its not like credit default swaps or any other derivatives. No debt system here—only the Internet of Value system.

I lean towards the second scenario I mentioned because its a two tier system and it makes perfect sense for XRP to back an asset (gold) backed stable coin on the XRPL as collateral.

Funny how you say you don’t understand but still speak in an absolute that XRP will “never” be a stable coin even after I shared what CTO Schwartz said and what the Capco document stated so yes XRP could very well back a gold backed stable coin on the XRPL.

What does this mean? It means in this scenario XRP would be classified as a stable coin, “but in a different way”, because it would be “backing” a gold backed stable coin on the XRPL.

This is a plausible scenario as Ripple already launched a platform on the XRPL for stable coins just last year. The writing is on the wall and we may very soon see a gold backed stable coin on the XRPL.

You said if you have CBDC’s you don’t need XRP for cross border payments because you just send the CBDC and it will just get converted to local currency? How will it get converted? Ill wait…

What technology do you think the order books use for cross conversions, pairings and offers for CBDC’s? CBDC’s just don’t convert and pair currencies like how XRP does. This is disruptive technology and the utility of this technology is what’s used to make it happen. Whose utility though? Thats the question….

Why would Ripple launch a CBDC platform for the development of CBDCs if their technology isn’t needed for CBDC’s?

LINKS:

Ripple Launches CBDC Platform for the Development of CBDCs and Stablecoins: https://www.businesswire.com/news/home/20230518005115/en/Ripple-Launches-CBDC-Platform-for-the-Development-of-CBDCs-and-Stablecoins

Ripple reveals 8 countries building CBDCs on XRP Ledger: https://finbold.com/ripple-reveals-8-countries-building-cbdcs-on-xrp-ledger/

CBDC Platform - Comprehensive, Stable, and Secure: https://ripple.com/solutions/central-bank-digital-currency/