Could Ripple's XRP Become a Stablecoin Backed by Gold? Expert from Black Swan Capitalist Makes a Prediction

Title: Ripple’s XRP may evolve into a Gold-Backed Stablecoin

High speculations have filled up the crypto community as Black Swan Capitalist Founder, Versan Aljarrah, has once again suggested that Ripple’s XRP may evolve into a gold-backed stablecoin, diverging from traditional USD-pegged stablecoins. Former Ripple director Sean McBride discusses the latest developments in the classification of XRP and speculations on its potential transformation. Ripple has historically positioned XRP as a bridge currency for swift cross-border transactions. However, recent speculations suggest a strategic shift, considering the integration of stablecoin functionality via Automated Market Makers (AMMs).

World Bank’s Classification

The debate about XRP sparked discussions on the future of cross-border payments and the potential for digital currencies to revolutionize traditional banking after the World Bank classified XRP as a stablecoin in 2023. Former Ripple director Sean McBride’s comments added fuel to the fire, emphasizing the World Bank’s surprising classification and igniting conversations about XRP’s evolving role. He asks for insights regarding why move away from XRP and its utility with progress being made.

XRP as the Key to a Gold-Backed Stablecoin

Versan Aljarrah’s prediction, supported by research from Black Swan Capitalist’s financial analyst Vandell and Miles Franklin CEO Andy Schectman, points to XRP as an ideal for a gold-backed stablecoin. Some members of the crypto community are optimistic about XRP turning into a gold-backed stablecoin, while others have expressed scepticism about the potential benefits of introducing a stablecoin on the XRP Ledger (XRPL).

All in all,

XRP’s potential transformation into a stablecoin represents a broader shift in the financial sector towards embracing digital currencies for efficiency, security, and global reach. The ongoing debate about XRP potentially becoming a gold-backed stablecoin questions XRP’s original mission and whether the World Bank’s classification is a positive endorsement.