Ripple CTO: "Ripple Stablecoin RLUSD to Boost XRP Trading Volume and Contribute to RWA Growth"

Ripple's recently launched stablecoin, Ripple USD (RLUSD), is said to offer several benefits, including complementing XRP. On the 17th, Ripple introduced its own stablecoin, RLUSD.

According to Ripple's official X (formerly Twitter) on the 22nd, David Schwartz, Ripple's Chief Technology Officer (CTO), stated, "Ripple's stablecoin RLUSD provides both direct and indirect benefits within the Ripple Ledger (XRPL) ecosystem," adding, "Since RLUSD uses XRP as a bridge asset, it can also contribute to increasing XRP trading volume."

CTO Schwartz predicted that as XRP is used as a bridge asset, users, developers, and applications will all benefit. He added, "The two assets have unique differences that complement each other. XRP will continue to be used as a bridge asset."

He further stated, "RLUSD will contribute to the growth of on-chain applications such as Real World Asset (RWA) tokenization, foreign exchange, and settlement transactions based on XRPL's speed, (relatively low) cost, and scalability." He emphasized that the market for stablecoins is expected to grow significantly.

Meanwhile, the Ripple Ledger (XRPL) is a Layer 1 blockchain project supported by Ripple and the XRPL Foundation, characterized by enhanced security and stability, allowing for the transmission of various virtual assets, including XRP, and processing transactions efficiently.