Ripple’s Bank Deals Leave XRP Waiting for Direct Demand
Photo: DailyCoin
A bank can custody Ripple’s stablecoin without creating meaningful demand for XRP. That is the central argument from a crypto analyst examining Standard Chartered’s RLUSD arrangement in a video that questions why Ripple’s expanding business has barely registered in its token’s price. Dana Love, PhD puts XRP at $1.39, compared with $1.37 when the bank announced custody. The distinction matters: adopting a product issued on the XRP Ledger is not the same as buying or holding XRP.
Source: DailyCoin
