In a quiet corner of the universe, where bits and bytes dance in chaos, David Schwartz—Ripple’s erudite CTO—granted us a glimpse into the perplexing labyrinth of low on-chain volumes. Despite alliances as numerous as rabbits in spring, the banks seem reluctant to embrace the digital symphony that Ripple offers. Or so he claims, with a smirk that suggests even he finds the paradox amusing.
According to Schwartz, the banks prefer to keep their shiny digital assets hidden off the grand on-chain stage, whispering secrets in the shadowy corridors of the off-chain world. But, hold onto your digital hats, he inklings a change—a revolution of sorts—where institutions will finally see the shimmering light of on-chain advantages. “But I agree it has been very slow,” he confesses, with a tone that suggests patience isn’t exactly his middle name.
Meanwhile, even Ripple’s mighty XRP DEX, that supposed playground of the bold, struggles against the dark forces—bad actors prowling for liquidity. It’s like trying to build a castle in the sand, with the tide of malicious liquidity threatening to wash it all away. The hero’s solution? Permissioned domains—an idea as thrilling as watching paint dry but promising some hope against chaos.
Why would BlackRock, the giant of Wall Street, bother with XRPL?
In a social media post—because where else do billion-dollar decisions get made—Schwartz dismisses the hype. “I’m not sure how much that will really matter,” he says, while sipping metaphorical martinis on interoperability and asset portability. As if multibillionaires fussing over which blockchain to use is just a minor breeze.
He hints that circles and giants like BlackRock won’t tether their treasures solely to one blockchain; no, they prefer to spread their digital seeds far and wide, because why be confined to one garden? Just like Circle on USDC or BlackRock with tokenized assets—world domination, one blockchain at a time.
Curious about bridge currencies? Well, it’s not just about XRP, apparently.
Post RLUSD launch, questions arose—would XRP become obsolete? Schwartz chuckles internally, reminding us that in this brave new world, no single stablecoin reigns supreme. It’s a game of musical chairs, and having a bridge asset is the savvy move—think of it as the Swiss Army knife of tokens, helpful for securities, loans, and all the sweet chaos in-between.
“In a universe of multiple stablecoins, it still makes sense to have a bridge asset,” he assures us, with a wink. Because in the end, why settle for one when you can have a buffet of tokens?
Read More
- PS Plus Monthly Games for August 2025 Wish List
- All Data Pad Locations (Week 1) Destiny 2
- The 20 Best Real-Time Strategy (RTS) Games To Wishlist In 2025
- Civ 7 DLC LEAKED! Is This Sid Meier’s Most Underrated Game?!
- Silver Rate Forecast
- Gold Rate Forecast
- Top 8 UFC 5 Perks Every Fighter Should Use
- Best Ninja Upgrades in Killing Floor 3
- You have used all your credits for this month. Please add more credits to continue.
- One Piece Just SHATTERED Everything You Thought You Knew! (Elbaf Arc)
2025-07-30 18:24