Ripple CTO: XRP and RLUSD will complement each other, with the latter dominating the RWA tokenization market

ChainCatcher news, Ripple's Chief Technology Officer David Schwartz once again shared his views on the company's latest product, the RLUSD stablecoin, which was launched earlier this week.

In a video message shared on the company's official X account, Schwartz stated that RLUSD provides the right use case that benefits both users and developers. It is a reliable asset designed to showcase the potential of the XRP Ledger. Schwartz pointed out that the stablecoin brings both direct and indirect benefits to the XRPL ecosystem. One direct benefit is that it drives positive trading volume, with XRP itself serving as the bridge asset. The uniqueness of XRP lies in its ability to support various assets, thereby expanding the accessibility of decentralized exchanges on the XRPL. Due to the unique differences between the two assets, XRP and RLUSD will complement each other, and the blockchain payment company will continue to use XRP as a bridge in its proprietary products.

Additionally, he emphasized the prospects of the RWA tokenization market, believing that RWA will continue to grow, and the demand for stablecoins will keep increasing, with RLUSD poised to dominate this market.