Does RLUSD Really Reduce XRP Utility? Pro-Ripple Lawyer Calls Out the Contradiction
Photo: CaptainAltcoin
The rise of Ripple’s RLUSD stablecoin has revived an old debate around XRP: if institutions can settle payments using a dollar-backed asset, do they still need XRP? Attorney and longtime XRP commentator Bill Morgan thinks some of the criticism around that question is inconsistent. Morgan responded to a post arguing that Ripple spent years promoting XRP as a bridge asset for cross-border payments, only for its newer corporate disclosures and products to place more emphasis on stablecoins such as RLUSD. His counterargument focuses on how critics previously described XRP -based payments.
Source: CaptainAltcoin
