⚡️ Ripple vs. Custodia CEO: The XRP Debate Heats Up! ⚡️
A fresh public showdown is gripping the crypto world, ignited by pointed criticisms of Ripple, the $XRP $XRP Ledger, and its new RLUSD stablecoin from Custodia Bank CEO Caitlin Long. What began as a podcast interview has escalated into a high-level exchange, with Ripple's CTO now calling for a direct dialogue.
✨ Caitlin Long’s Central Claims
In a recent podcast, Long questioned the XRP Ledger's decentralization and claimed its initial launch had the hallmarks of an ICO, which she argues has created a permanent barrier to institutional trust. She suggested that Ripple's move to launch its RLUSD stablecoin reflects a pivot away from relying solely on the XRPL for global settlements. She further speculated that for tokenizing U.S. Treasury bills, Ethereum would likely be the preferred choice over Ripple due to its established adoption.
✨ The XRP Community Fights Back
The $XRP community quickly mobilized to counter these claims. In a detailed social media response, a prominent community member, Vet, refuted Long's arguments. He clarified that XRP was created in a genesis ledger with no initial market value, contrasting it with Ethereum's ICO launch. Vet also highlighted the XRPL's decentralized nature, noting it is maintained by over 1,000 nodes and over a hundred independent validators. He stressed that RLUSD is issued natively on the XRPL, among other blockchains, as part of a multi-chain strategy, not as a move away from the ledger.
✨ Ripple CTO David Schwartz Extends an Invitation
The dispute reached a new level when Ripple CTO David Schwartz publicly entered the conversation. While acknowledging the community’s counterarguments, he directly invited Caitlin Long to an open, fact-based discussion about Ripple's technology, the purpose of RLUSD, and the XRPL’s role in the blockchain space.
Whether Long will accept the invitation remains to be seen. However, this high-stakes public exchange is drawing significant attention, showcasing the passion and readiness of the XRP community and Ripple's leadership to defend its technology in the public square.
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