RLUSD Stablecoin Sparks Debate Over XRP's Future as Bridge Asset

Ripple's RLUSD stablecoin has sparked debate over XRP's future as the bridge asset connecting different markets.

Digital Ascension Group Chairman Jake Claver argues that RLUSD could make XRP 'pointless' due to its ability to facilitate fast digital settlement and maintain a stable value linked to the U.S. dollar.

The two assets serve different purposes, with RLUSD designed for payments, settlement, and trades involving the dollar, while XRP acts as a neutral bridge between assets without direct liquidity.

Claver notes that RLUSD's market value has reached $1.53 billion, but over 88% of its supply is on Ethereum, not the XRP Ledger.