Ripple's goal of positioning XRP as a bridge currency between CBDCs has come to the fore again.
At this point, this issue was reignited in a recent post by Ripple supporter Wrath of Kahneman.
Wrath of Kahneman's “At what point will Ripple launch its own stabnlecoin?” Former Ripple director Sean McBride also participated in the discussion, which started with the question.
Acknowledging the speculations about Ripple launching its own stablecoin, Sean McBride put a different perspective on the incident and claimed that the World Bank recognized Ripple's native cryptocurrency, XRP, as a stablecoin.
Sean also stated that this classification by the World Bank marks an important milestone for Ripple and XRP and their increasing acceptance in the global financial environment.
At this point, McBride argued that this situation could change the current status of XRP and be included as a stablecoin in the USA.
Following McBride's response, Wrath of Kahneman finally expressed his support for XRP and stated that the volatility in XRP is not a disadvantage for payments.
Ripple has tons of capital. I’m super interested in your thought here, though. Why move away from #XRP and its utility with progress being made, and many including the World Bank, already classifying #XRP as a stable coin? Thank you for all your research and insight, it’s truly…
— Sean McBride (@seanmcbride16) February 14, 2024
