XRP Does Not Compete With Any Stablecoin, Exec Says

By Abhimanyu Krishnan | News | 20 Aug 2020

Ripple's senior director of global operations Emi Yoshikawa was interviewed by Japanese crypto exchange FXcoin, where she said that the XRP token is not competing with stablecoins or Central Bank Digital Currencies (CBDCs). 

  • Yoshikawa considers XRP to be a “bridge asset” and that it complemented stablecoins and CBDCs
  • According to her, stablecoins and CBDCs will create a need for liquidity which Ripple can address with its On-Demand Liquidity solution
  • ODL customers account for 20% of the volume on RippleNet
  • Ripple has reported better sales in Q2, after a disappointing Q1 report, which noted that Ripple had turned its attention to building liquidity for ODL customers

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Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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