According to Odaily, Ripple's Chief Technology Officer, David Schwartz, has shared insights on the company's latest product, the RLUSD stablecoin, which was launched earlier this week. In a video message posted on the company's official X account, Schwartz highlighted that RLUSD offers a valuable use case that benefits both users and developers, serving as a reliable asset designed to showcase the potential of the XRP Ledger.
Schwartz emphasized that the stablecoin brings both direct and indirect advantages to the XRPL ecosystem. A direct benefit is the stimulation of active trading volume, with XRP itself acting as a bridge asset. He noted that XRP's unique capability to support various assets enhances the accessibility of decentralized exchanges on the XRPL.
Furthermore, Schwartz stated that due to the distinct differences between the two assets, XRP and RLUSD will complement each other. The blockchain payment company plans to continue using XRP as a bridge in its proprietary products. Additionally, he underscored the promising future of the tokenized real-world assets (RWA) market, predicting continued growth and increasing demand for stablecoins, with RLUSD poised to dominate this market segment.
