Ripple’s latest blog article on the use of RUSD in the configuration of the hidden road has aroused concerns among the supporters of XRP, questioning the role of the medal in the agreement.
Tuesday, Ripple published A blog article highlighting the use of stablecoins like rlusd. The payment company based in San Francisco stressed that the Stablecoins will fill the gap between Defi and Tradfi.
The role of the Rlusd in the configuration of the hidden road
The blog post also highlighted the role of Rlusd in the hidden road agreement. Remember that Ripple concluded an agreement with Hidden Road to acquire the main broker for $ 1.25 billion.
In his recent blog article, Ripple said that Hidden Road, which erases more than 3 dollars billions for 300 financial institutions per year, will operate the RUSD as a collateral asset on its main brokerage platform.
Meanwhile, part of the agreement would see Hidden Road transitions its post-exchange activities on XRPL, the underlying blockchain of XRP, allowing it to reduce costs. With XRPL managing the post-trades of Hidden Road, the main broker would operate XRP to pay all transaction costs after trade.
The company initially revealed this in April when it announced the acquisition of the hidden road. At the time, disclosure caused a major controversy, certain members of the community expressing concerns about the company set aside XRP.
The community asks questions about the XRP role in Hidden Road Deal
These concerns have resurfaced with Ripple reiterating that Hidden Road will use Rlusd as a collateral asset on his platform.
Several users have once again questioned the role of XRP in the configuration of the hidden road, some suggest that the XRP function is now limited to the payment of transaction costs.
Earlier this month, Elena Schoen, member of the XRP community, echoed this feeling on X. She indicated that although the Rlusd public service extends over cross-border regulations with multi-fiat integration, XRP is used to settle transactions only on the book XRP (XRPL).
According to her, XRP was once the favorite bridge asset on XRPL. However, she suggested that the play gradually lost its relevance, alleging that Rlusd is gaining ground as Ripple’s favorite.
For the context, Ripple launched the Stablecoin of Peded Usd on the XRPL in December 2024. After its launch, it was integrated into the Ripple payment solution, giving financial institutions access to a digital currency sustained by Fiat without volatility.
Since its launch, Rlusd has won a widespread adoption on the wider market of cryptography and has been listed on major exchanges such as Gemini, Conneh, Bitso and Moonpay. Interestingly, thanks to the acquisition of hidden roads, it is now ready to become the first stablecoin to allow the margin between traditional markets and digital assets.
Ripple leaders reject concerns
While the supporters of XRP fear that the RUSD will gradually replace their favorite room, the leaders of Ripple continued to reject this assertion.
Earlier this year, the CEO of Ripple Brad Garlinghouse said that Rlusd and XRP would complement each other. He said that the two have different functions, noting that if XRP works as a bridge asset to provide liquidity between two fiduciary currencies, Rlusd serves as a chain fiat.
In addition, Ripple CTO David Schwartz said that Rlusd is good for XRP rather than harmful. He pointed out that stablecoins like the Rlusd are crucial to maintaining prices. The CTO Ripple also mentioned that XRP would continue to make key functions such as automatic bridging which promotes its liquidity.
Difles: This content is informative and should not be considered financial advice. The opinions expressed in this article may include the author’s personal opinions and do not reflect the basic opinion of cryptography. Readers are encouraged to do in -depth research before making investment decisions. The Crypto Basic is not responsible for financial losses.
