<ul><li>CIO of Arca hedge fund dismisses XRP as a 'meme coin' with no financial utility, comparing it to $TRUMP token.</li><li>XRP's market cap of around $150 billion is attributed mainly to its social value according to the Arca exec.</li><li>However, XRP may gain utility value through Ripple's dollar-pegged stablecoin, RLUSD, deployed on the XRP Ledger and Ethereum blockchain.</li><li>Future potential for XRP's financial value exists through acquisitions, such as Ripple potentially acquiring stablecoin issuer Circle.</li></ul>

Crypto Hedge Funder Slams Ripple’s XRP As A Meme Coin With No Utility; Here’s Why

Discover more