Standard Custody CEO: Ripple Bets Big On Utilizing XRP as Global Bridge
$XRP Crypto investor Xaif Crypto highlighted a significant development regarding Rippleâs strategic direction for XRP, sharing a statement from Jack McDonald, the CEO of Standard Custody and Senior Vice President of Stablecoins at Ripple.
The post emphasized McDonaldâs remarks that Ripple is placing a strong focus on stablecoins, while also underscoring the role of XRP as a global bridge asset. According to the tweet, Ripple sees this approach as the area where it can create the most substantial global impact.
âšMcDonald on Stablecoins and Rippleâs Strategy
In the video captioned in the tweet, McDonald discussed Rippleâs growing involvement in the stablecoin market and the companyâs reasoning for prioritizing this sector. He explained that Ripple has already been running pilots across various regions and described these initiatives as quite successful.
McDonald stated that Ripple firmly believes in a tokenized world where assets operate on-chain, but noted that the companyâs resources are now being directed primarily toward stablecoins. He emphasized that Ripple views stablecoins as the key to unlocking future opportunities in digital finance and as the area where the company can make its greatest contribution.
McDonald also commented on the state of central bank digital currencies (CBDCs), particularly within the United States. He pointed out that U.S. legislation currently prevents the federal government from issuing a CBDC, which means that the growth of such digital currencies must be examined on a jurisdiction-by-jurisdiction basis.
While acknowledging the global trend toward CBDCs, McDonald clarified that Ripple has chosen to concentrate on stablecoins and has developed a playbook that guides its efforts in this direction.
âšThe Role of XRP
During his remarks, McDonald also addressed the role of XRP in Rippleâs broader vision. He reaffirmed that Ripple intends to leverage XRP as a global bridge currency within its stablecoin framework.
According to McDonald, the integration of XRP as a bridge is central to the companyâs long-term plan to facilitate international transactions and interoperability in a tokenized economy. The focus on XRP as a connector between stablecoins aligns with Rippleâs long-standing positioning of the digital asset as a tool for cross-border value transfer.
âšRippleâs Approach
The comments shared by Xaif Crypto provide insight into Rippleâs current priorities. By committing its resources to stablecoins, Ripple is signaling a clear intention to strengthen its influence in global financial infrastructure. At the same time, the company continues to emphasize XRPâs role as a bridge asset, ensuring that the digital token remains central to its ecosystem.
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