Ripple CTO David Schwartz has once again weighed in on the company’s latest product, the RLUSD stablecoin, which went live earlier this week.
In a video message shared by the company’s official X account, Schwartz said that RLUSD offers the right use cases to benefit users and developers, and it is a solid asset that is designed to showcase the potential of the XRP Ledger.
Schwartz noted that the stablecoin has brought both direct and indirect benefits in the XRPL ecosystem. One direct benefit is that it drives positive trading volumes, with XRP itself being a bridge asset. XRP is unique in that it can support a wide range of assets, expanding accessibility to decentralized exchanges on XRPL.
Schwartz said that XRP and RLUSD will complement each other due to the unique differences between the two assets, and the blockchain payment company will continue to use XRP as a bridge in its proprietary products.
In addition, he highlighted the prospects of the RWA tokenization market, believing that RWA will continue to grow, the demand for stablecoins will continue to increase, and RLUSD will dominate this market.