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Ripple CEO says RLUSD competes with stablecoins, complements XRP to meet customer needs on XRP Ledger

Protocol Fundamentals
04 Nov 2026, 05:30 WIB
Bitcoin
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Bullish
Ripple CEO says RLUSD competes with stablecoins, complements XRP to meet customer needs on XRP Ledger

Ripple CEO Brad Garlinghouse clarified that Ripple USD (RLUSD) competes with other stablecoins, not XRP, which serves a complementary role on the XRP Ledger. RLUSD is designed for dollar-denominated payments and requires a trust line, while XRP requires reserves and facilitates liquidity routing and transaction fees on the ledger. Ripple prioritizes using XRP where it fits customer needs and employs RLUSD or fiat currencies otherwise, aiming to increase financial activity on the XRP Ledger. Institutional support for both assets is growing, with custody services like BNY enabling clients to hold and transfer XRP and RLUSD securely.

XRP is currently priced at Rp22.829 on Pluang, showing a 0.99% increase in the last day. As of Nov 04, 2026 10:41 WIB, XRP has a market cap of Rp1.443,41 trillion and a 24-hour trading volume of Rp35,37 trillion, with nearly balanced buy and sell order activity.

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