Ripple CTO Clashes with Custodia Bank CEO Over XRP and RLUSD
A heated debate has ignited in the crypto world between Ripple and Custodia Bank. It all started when Caitlin Long, CEO of Custodia, criticized XRP and its RLUSD stablecoin during her appearance on the Gold Goats ‘n Guns podcast.
What Sparked the Fire?
Long made bold claims, saying XRP never lived up to its vision as a bridge currency for the banking world. She also suggested that Ripple’s shift towards issuing RLUSD through its own regulated companies marked a move away from XRP’s role in global settlement.
She even speculated that, if the U.S. Treasury chose a blockchain for tokenizing Treasury bills, Ethereum would likely be picked over Ripple, citing Ethereum's maturity and adoption.
XRP Defenders Strike Back!
Ripple’s loyal community wasn’t having it. XRP supporter Vet quickly fired back, emphasizing that XRP’s launch wasn’t like an ICO and that the 100 billion tokens were pre-mined with no market value. He also pointed out the XRPL’s decentralization, with over a thousand nodes and a hundred validators across the globe.
Ripple’s CTO Gets Involved
The controversy escalated when Ripple CTO David Schwartz jumped in, inviting Caitlin Long to a face-to-face debate. He believes an open, fact-based discussion would help clarify the role of Ripple’s technology and RLUSD in the broader blockchain ecosystem.
This debate is far from over, but it’s certainly a clash to watch closely, especially as Ripple’s leadership is willing to engage openly and defensively in the conversation.
What’s next? Will Caitlin Long accept Ripple’s invitation? Stay tuned!
