Ripple CEO says RLUSD not competing with XRP, targets stablecoin rivals

Ripple CEO Brad Garlinghouse has clarified the company’s approach to its new stablecoin, RLUSD, emphasizing that RLUSD is not intended to compete with XRP. Responding to a discussion on X initiated by the crypto community commentator WrathofKahneman, Garlinghouse asserted that RLUSD’s primary competition lies with other stablecoins, not with the native token XRP. The introduction of RLUSD has sparked debate within the XRP community, with many users questioning how this new stablecoin fits into Ripple’s long-term strategy.

Source: CoinTurk News