Ripple CTO Challenges Custodia Bank CEO Over $XRP Allegations š āļø
Rippleās Chief Technology Officer, David Schwartz, has publicly stepped into the ring to dispute claims made by Caitlin Long, CEO of Custodia Bank, casting a spotlight on XRP, the XRP Ledger (XRPL), and Rippleās new stablecoin RLUSD. All of this unfolded after Long made critical remarks on the āGold Goats ān Gunsā podcast earlier this August.
In her podcast, Long criticized Ripple for not meeting its early promisesāquestioning why XRPL hasnāt replaced systems like SWIFT despite over a decade of development. She also asserted that XRPās origins resemble an ICO, raising doubts about decentralization and institutional trust.
Schwartz responded swiftly via social media, extending a direct invitation for a āfact-based discussionā on Ripple, XRP, XRPL, and RLUSD: **āIām available whenever you want to chat about the factsā¦ā** He also directed followers to a detailed analysis by $XRP Ledger validator @Vet_X0, who debunked Longās claims:
$XRP was not launched via ICOāthe entire 100 billion tokens were generated in a genesis account, carrying no initial value.
XRPL is genuinely decentralized, with over 1,000 nodes and 100+ independent validators that Ripple does not control.
The choice to issue RLUSD on both Ethereum and XRPL is strategic and not a sign of distrust in Rippleās own ledger infrastructure.
This growing public debate underscores a broader conversation in crypto: What qualifies as decentralization, and how much does origin history matter?
Whether Caitlin Long steps up remains to be seenābut one thingās clear: Rippleās CTO is ready to defend the facts.
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