While it might be hard to believe, market analysts believe that Ripple\u2019s XRP could become a stablecoin. Amid speculations around the stablecoin debut for Ripple<\/a>, Black Swan Capitalist Founder Versan Aljarrah has asserted that XRP could play a vital role amid calls for gold-backed stablecoins.<\/p>\n In a post on X, Aljarrah underscored the calls for a gold-backed stablecoin from institutions like the World Bank, International Monetary Fund (IMF)<\/a>, and World Gold Council. He added that these institutions have been urging for such a development so central banks could tokenize gold reserves. Furthermore, he revealed that Black Swan Capitalist\u2019s financial analyst Vandell and Miles Franklin CEO Andy Schectman conducted extensive research on XRP and the market in general.<\/p>\n <\/p>\n We’ve been vocal about the #WorldBank<\/a>, #IMF<\/a>, and World Gold Council openly discussing the need for a #gold<\/a>-backed #stablecoin<\/a> for central banks to #tokenize<\/a> gold reserves<\/p>\n After much research, along with @vandell33<\/a> & @MilesFranklinCo<\/a> we believe #XRP<\/a> will be the key https:\/\/t.co\/C55QJaLkOx<\/a><\/p>\n \u2014 Black Swan Capitalist (@VersanAljarrah) February 16, 2024<\/a><\/p>\n <\/p>\n<\/blockquote>\n Citing the research, the Black Swan Capitalist founder concluded that XRP is the \u201ckey\u201d to a gold-backed stablecoin. Hence, it can be rightly speculated that XRP could evolve into a stablecoin, which would differ from the traditional USD-pegged stablecoins. The tweet quoted Aljarrah\u2019s July tweet wherein he highlighted Ripple\u2019s victory against the SEC when the courts confirmed that XRP<\/a> is not a security.<\/p>\n In that post, Aljarrah noted that there would be a shift of focus to Ripple\u2019s stablecoin debut which the XRP Ledger (XRPL) has been planning for years. Hence, the Black Swan Capitalist founder doubled down on his previous claims. Moreover, Sean McBride, former Ripple director, responded to the tweet. Emphasizing similar claims made by him recently, McBride wrote, \u201cYou mean what I surfaced yesterday?\u201d<\/p>\n <\/p>\n Also Read: XRP Whale Shuffles 203 Mln Tokens, Will Price Hit $0.58?<\/a><\/strong><\/p>\n When an XRP supporter questioned McBride if XRP\u2019s evolution to a stablecoin is a certainty, the ex-Ripple director said otherwise. He stated, \u201cNo, what I think is more likely is that #XRP is classified as something entirely different. Something like a payments stablecoin.\u201d<\/p>\n No, what I think is more likely is that #XRP<\/a> is classified as something entirely different. Something like a payments stablecoin. But for #XRP<\/a> to transact B2B payments at scale across borders and institutions, \u201c#XRP<\/a> can\u2019t be dirt cheap\u201d.<\/p>\n \u2014 Sean McBride (@seanmcbride16) February 16, 2024<\/a><\/p>\n<\/blockquote>\n Moreover, McBride added that if XRP is to transact massive B2B transactions across borders and institutions, it can be \u201cdirt cheap.\u201d Earlier, McBride hinted at XRP\u2019s Stablecoin journey as he stated the World Bank<\/a> recognizes it as a stablecoin. However, the World Bank\u2019s stance has been met with a lot of skepticism.<\/p>\n <\/p>\n The XRP community and other crypto enthusiasts noted that the World Bank lists XRP as a stablecoin since Ripple\u2019s XRPL announced its plans to launch a stablecoin years ago. Therefore, the speculations of XRP transforming into a stablecoin seem less viable to those who contradict the World Bank\u2019s stance.<\/p>\nXRP To Evolve Into A Gold-Backed Stablecoin?<\/h2>\n
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Sean McBride Provides Clarity On Ripple\u2019s Stablecoin Frenzy<\/h2>\n
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