Ripple CTO: The company is studying how to integrate DEX into ODL products

Odaily Planet Daily News XRP community members asked about the progress of On-Demand Liquidity (ODL) API product Ripple Prisma at the X Space event. Ripple Chief Technology Officer David Schwartz said that ODL does not currently support decentralized exchanges (DEX), But the company is looking into how to incorporate DEX services into ODL, potentially allowing trading with automated market makers (AMMs). Schwartz detailed Prisma’s features, emphasizing its ability to leverage DEX liquidity and liquidity on multiple exchanges. According to it, Prisma can break down large transactions into smaller, more manageable transactions, thereby optimizing liquidity utilization and reducing costs. Schwartz pointed out that a key factor for the successful integration of DEX services into ODL is to have a stable currency pegged to a major currency, such as a US dollar stablecoin or a euro stablecoin. He pointed out that these stablecoins are not perfect yet, but he hopes that stablecoins that meet the requirements will appear in the future. At the same time, Schwartz mentioned that Ripple had the opportunity to integrate stablecoins into XRP Ledger two and a half years ago, but the SEC filed a lawsuit that ultimately hindered the company's progress in integrating stablecoins and DEX services into ODL. However, Schwartz said that Ripple is actively discussing with banks and large financial institutions to encourage the launch of high-quality stablecoins. (Coin Edition) According to previous news, Stu Alderoty, Ripple's general counsel, said in an interview recently that the company expects to start negotiations with US financial companies in the third quarter on the use of its ODL product, which uses XRP for transfers. Alderoty said of the recent ruling on XRP: "I think we hope that this decision will at least reassure customers or potential customers of financial institutions to start talking about the problems they have in business, that is, without generating huge amounts of money. The practical issue of transferring value across borders without fees.” "Hopefully we'll have a lot of conversations with customers in the U.S. this quarter and expect some of those conversations to actually translate into business," he added.