#BTCvsMarkets

XRP Crypto executives are now urging Congress to permit stablecoin issuers to pay interest to token holders, a move that could transform the future of digital finance.

Supporters contend that this would render stablecoins more akin to conventional bank deposits, thereby providing advantages to consumers and accelerating adoption.

However, critics caution that this could precipitate capital outflows from insured banks and augment systemic risk.

This debate arises as U.S. lawmakers are engaged in the process of establishing a regulatory framework for stablecoins.

Why is this pertinent to XRP and the cryptocurrency market?

If stablecoins are transformed into interest-bearing assets, the demand for rapid, economical, and scalable networks such as XRP Ledger will experience a surge, enabling cross-border payments and stablecoin utility on an entirely new level.

The subsequent phase of cryptocurrency is not solely concerned with price fluctuations; it is primarily focused on practical real-world applications. XRP is uniquely designed to capitalise on this moment.