Ripple USD (RLUSD) is nearing its launch as the San Francisco-based cross-border payment provider accelerates its development. Recent mints and burns of RLUSD have surged to millions in value, signaling significant progress.
This rapid evolution in Ripple's ecosystem, which primarily focuses on XRP and the XRP Ledger, has sparked anxiety within the community. Members are increasingly concerned about XRP's role in Ripple's cross-border payment operations.
During a recent conversation, Ripple's CTO David Schwartz provided direct solutions while emphasizing that XRP is still required to pay transaction fees on the XRP Ledger, despite inquiries about how RLUSD correlates with XRP.Â
Additionally, XRP is involved in every transaction on the network; hence, its importance will never fade. This type of digital asset is unlike any other in that it does not have a counterparty or a jurisdiction to which it can be frozen or clawed back.
The post "Ripple USD (RLUSD) Approaches Launch as Community Questions XRP's Future Role" first appeared on 36crypto.com
