This marks the first time a major cryptocurrency platform has launched a hybrid stablecoin system across multiple blockchains (Ethereum and XRP Ledger), creating unprecedented integration of digital payment networks. The convergence of traditional banking criticism (from Long) with new financial infrastructure demonstrates the accelerating transition toward a unified digital economic system.
Ripple's RLUSD: Digital Babylon's New Financial Infrastructure
📰 What Happened
Ripple CTO David Schwartz publicly countered claims by Custodia Bank CEO Caitlin Long regarding XRP's origins and the company's new RLUSD stablecoin. Long questioned why Ripple would launch a stablecoin on Ethereum rather than XRP Ledger and suggested the company's past resembled an ICO. Schwartz responded via social media, stating 'I'm available whenever you want to chat about the facts about Ripple, our stablecoin RLUSD, the XRP Ledger, and its native token XRP,' while directing readers to a detailed fact-check by XRPL validator Vet_X0.
📖 Prophetic Significance
The launch of RLUSD represents a crucial timeline marker in the development of end-times financial infrastructure. The dual-blockchain implementation (Ethereum and XRPL) mirrors the prophesied universal economic system that will enable global transactions. Schwartz's public defense and Long's banking-sector criticism highlight the prophesied tension between traditional and emerging financial systems (Rev 18:11-13). The integration of stablecoins with multiple ledger systems demonstrates the technological framework necessary for the prophesied mark-based economy (Rev 13:16-17).