David Schwartz, CTO from Ripple, answered questions on Twitter about the possible launch of a stablecoin on the XRP ledger. The community member, Networfan, asked Schwartz and other users about a fake news story claiming that Ripple would create a stablecoin called xrpsc.
Can a Ripplenet customer with their own settlement network use RN to offer a hybrid/multi-hop settlement service to other RN Banks and FI’s that would rival SWIFT, or do they need Ripple’s permission/licencing to do so?Ripple’s CTO responded that Ripple calls the above “Regional Clearing”. Schwartz said that the multi-hop is supported by RippleNet and that customers can inject their own settlement rates.
This second asset was supposed to function as a token for trading. The news refers to a video by Schwartz, but Ripple’s CTO denied the veracity of the above. Although he said Ripple is interested in having third parties launch their own stablecoins, the company is not planning to launch one of its own.
The user welcomed Schwartz’s response and said there is a group of people trying to sabotage XRP, but said he will continue to support the digital asset. In the past, the possibility of a stablecoin being launched on the XRP Ledger has been raised, but as Ripple’s CTO says, by third parties. Another member of the XRP community that a stablecoin supported by the XRPL technology would give a boost to the adoption and demand of the XRP token.
Author : Reynaldo