Dark Defender Says XRP is the Collateral Leg for Ripple. Here’s why
Photo: Times Tabloid
Crypto analyst Dark Defender (@DefendDark) has identified a structural distinction that separates XRP from every other instrument Ripple Prime accepts as collateral. Ripple Prime takes XRP, U.S. Treasuries, gold, and stablecoins including RLUSD, with RLEUR, RLJPY, and RLGBP on the way. The list looks like a diversified set of collateral options but Dark Defender argues it is not. Every stablecoin on that list is a liability. Each one represents a claim on reserves held elsewhere. XRP carries no such dependency.
Source: Times Tabloid
