CTO’s Reassurance to Community: XRP Remains Crucial Amidst Stablecoin Introduction

Ripple’s CTO, David Schwartz, has reiterated the enduring importance of XRP in Ripple’s ecosystem, addressing concerns raised by the XRP community regarding Ripple’s recent venture into stablecoin development. Following the announcement of a stablecoin pegged to the US dollar, there were speculations about the future role of XRP. Nevertheless, Schwartz clarified that the introduction of the stablecoin does not diminish the significance of XRP in enabling efficient cross-border transactions.