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Growth in Ripple USD stablecoin may not drive strong institutional demand for XRP, says investor Lark Davis.

Market News
11 Nov 2026, 09:52 WIB
Tokenpost
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Neutral
Growth in Ripple USD stablecoin may not drive strong institutional demand for XRP, says investor Lark Davis.

Investor Lark Davis highlighted that Ripple USD (RLUSD), a stablecoin available on multiple blockchains including Ethereum, may not significantly increase institutional demand for XRP. Since RLUSD transactions on Ethereum don't require XRP, institutions might only need minimal XRP to cover fees on the XRP Ledger. Davis emphasized that RLUSD and XRP serve different purposes: RLUSD provides a stable dollar value for transactions, while XRP facilitates cross-border currency bridging. Despite RLUSD's rising transaction volume, this doesn't necessarily translate to higher XRP holdings by institutions, as noted by Ripple's CEO who sees RLUSD competing with other stablecoins rather than XRP.

XRP trades at Rp19.104 on Pluang, down 3.77% over the past day as of Nov 11, 2026 15:01 WIB. Despite the discussion around RLUSD's growth and its limited impact on XRP holdings, XRP's market cap remains substantial at Rp1.222,52 trillion with a 24-hour trading volume of Rp48,75 trillion. The Pluang platform shows a balanced investor interest with 56% buy orders and a typical hold time of 73 days, indicating steady engagement with XRP amid evolving stablecoin dynamics.

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