Ripple CTO: XRP and RLUSD will complement each other, with the latter poised to dominate the RWA tokenization market.

Odaily Planet Daily News - Ripple's Chief Technology Officer David Schwartz has 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 offers the right use cases that can benefit users and developers, serving as a reliable asset designed to showcase the potential of the $XRP Ledger. Schwartz noted 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 acting as a bridge asset. The uniqueness of $XRP lies in its ability to support various assets, thereby expanding the accessibility of decentralized exchanges on the XRPL. Schwartz mentioned that 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.

Furthermore, he emphasized the prospects of the RWA tokenization market, believing that RWA will continue to grow, leading to an increasing demand for stablecoins, with $RLUSD poised to dominate this market.