A fresh storm has hit the crypto space after Custodia Bank CEO Caitlin Long made sharp remarks about Ripple, the $XRP Ledger, and the recently launched RLUSD stablecoin.
What started as a casual podcast chat has now snowballed into a heated public debate involving Ripple’s CTO and passionate XRP supporters.#BinanceAlphaAlert
✨ How It All Started
Speaking on the Gold Goats ‘n Guns podcast, Long argued that XRP hasn’t fully delivered on its original goal as a bridge currency for banks. She claimed Ripple’s early funding model left doubts among major institutions and suggested the RLUSD launch — through Ripple’s own regulated entities — signals a shift away from relying solely on XRPL for global settlements.
Looking ahead, Long predicted that if the U.S. Treasury tokenized Treasury bills, Ethereum — not Ripple — would likely be chosen, citing Ethereum’s stronger adoption and tech maturity.
✨ XRP Community Fires Back
Her comments didn’t go unanswered. Well-known XRP advocate Vet clapped back on social media, explaining XRP’s unique launch — all 100B tokens created at genesis with no ICO and no initial market price. He rejected claims of centralization, pointing out that XRPL runs on 1,000+ nodes and 100+ independent validators worldwide.
Vet also highlighted that RLUSD is issued directly on XRPL, Ripple still uses the ledger for payments, and XRPL has long had advanced features like its native DEX and built-in tokenization — years ahead of competitors.
✨ Ripple CTO Steps In
Ripple’s David Schwartz then joined the fray, noting Vet had addressed many points but suggesting a direct, fact-based discussion could settle the matter. He publicly invited Long to an open dialogue on Ripple’s tech, RLUSD’s role, and XRPL’s place in blockchain’s future.
Whether she accepts is still unknown — but the crypto world is watching, intrigued by Ripple leadership’s readiness to meet criticism head-on.
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