Ripple’s XRP Could Potentially Become a Gold-Backed Stablecoin
According to Black Swan Capitalist Founder Versan Aljarrah, there are calls from institutions like the World Bank and International Monetary Fund (IMF) for a gold-backed stablecoin. He believes that XRP could play a significant role in this development as central banks look to tokenize their gold reserves. Aljarrah’s statement is backed by extensive research conducted by financial analyst Vandell and Miles Franklin CEO Andy Schectman.
XRP as the “Key” to a Gold-Backed Stablecoin
The research conducted by Black Swan Capitalist concludes that XRP is the “key” to a gold-backed stablecoin. This suggests that XRP has the potential to evolve into a stablecoin that differs from traditional USD-pegged stablecoins. The founder’s tweet also references Ripple’s victory against the SEC, confirming that XRP is not classified as a security.
Sean McBride’s Perspective on Ripple’s Stablecoin Potential
Former Ripple director Sean McBride responded to Aljarrah’s tweet, stating that he believes XRP will be classified as something different, like a payments stablecoin. McBride emphasizes that for XRP to facilitate large-scale B2B transactions across borders and institutions, it cannot be undervalued. He previously hinted at the World Bank recognizing XRP as a stablecoin, although this stance has been met with skepticism.
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