XRP's Status Debated Amid Memecoin Controversy

A debate has emerged on social media regarding the classification of XRP as a memecoin. According to NS3.AI, commentator Diana has challenged the notion of XRP being a 'ghost chain' by highlighting approximately $1.42 billion in asset value represented on the XRP Ledger (XRPL) and a stablecoin market cap of around $404 million. Diana argues that these figures counter the ghost chain label. The discussion also touches on the RLUSD stablecoin, which is currently more prominent on Ethereum than on the XRP Ledger. Diana suggests that this trend is due to rollout strategies and exchange support rather than an abandonment of XRPL. The debate continues as stakeholders assess the implications of these developments on XRP's reputation and market position.