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Ripple CTO Says XRPL Will Power More Than Payments

  • Ripple's CTO, Schwartz, elaborated that XRPL is evolving into a comprehensive financial ecosystem, supporting stablecoins, tokenized assets, loans, and DeFi functions.
  • XRP holds a unique position within XRPL, being the only asset that any XRPL account can receive, operates without a counterparty, serves as the default liquidity path, and is used to pay transaction fees.
  • XRPL prioritizes XRP through autobridging and pathfinding functions, making it integral to network trades and solidifying its core role in the infrastructure.
  • As Ripple transitions from a cross-border payments provider to a full-stack financial platform, the XRPL, with assets like XRP and RLUSD, may soon offer traditional financial tools like lending, investing, and asset tokenization.

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