That disconnect is what enthusiast X Finance Bull leaned on in a recent post on X. Recent developments from Ripple itself suggest that the claim is not as easy to dismiss as it once was.
Ripple’s Story Is Growing Past Payments RLUSD And Ripple Prime Are Making The Institutional Case ClearerAnother sector where Ripple is gaining adoption is through its RLUSD stablecoin. Ripple says RLUSD is issued on both the XRP Ledger and Ethereum, backed one-to-one by cash, cash equivalents, and US Treasuries, and issued under NYDFS oversight.
Notable examples are Deutsche Bank, AMINA Bank, and SBI Holdings. Interestingly, Ripple also indicated during the acquisition that RLUSD would be positioned for use as collateral for brokerage products.
