🚨 BitGo CEO: Ripple’s RLUSD Replaces XRP as Bridge Currency
At the Digital Banking 2025 conference, BitGo CEO Mike Belshe delivered a blunt message: Ripple’s dream of making $XRP the go-to bridge currency has failed — and the launch of RLUSD, Ripple’s new USD-backed stablecoin, proves it.
> “XRP requires two conversions. Stablecoins are just better,” Belshe said.
Despite reassurances from Ripple CTO David Schwartz that XRP and RLUSD will work together, Belshe sees stablecoins as the future of cross-border payments — simple, efficient, and growing fast.
With RLUSD already gaining regulatory approval in Dubai and pushing toward a $500M market cap, the stablecoin narrative is clearly accelerating.
🏦 Even major players like Bank of America are considering dollar-backed stablecoins, while the GENIUS Act could soon boost adoption in the U.S.
