XRP community members have repeatedly praised XRP’s ability to facilitate cross-border payments, especially through Ripple Payments.
Notably, this has been one of the most-highlighted utilities for XRP. However, some critics believe the rise of stablecoins, which promise similar capabilities without price swings, could make XRP unnecessary.
Is Ripple Pivoting Away from XRP?
One of the individuals pushing this narrative is Vibhu Norby, Head of Product Marketing at the Solana Foundation, who recently shared his opinions on the Paul Barron Network.
Norby acknowledged Ripple’s success, saying the company is run by sharp leaders who have managed their finances wisely and built real businesses over time. Nonetheless, he argued that Ripple is now changing its focus from XRP and toward stablecoins, especially after launching its RLUSD token.
He believes this move indicates a major strategy change, with Ripple trying to keep pace in the growing stablecoin market. Meanwhile, Norby added that Ripple is still behind in this space, and that around 90% of RLUSD supply exists outside the XRP Ledger (XRPL).
In response, host Paul Barron said RLUSD already boasts $1 billion in value. He explained that Ripple seems to be building a full financial infrastructure where the XRP Ledger has an important role.
Barron said if Ripple executes this plan well, it could finally deliver what the company has been working toward. He also noted that Ripple must move past its legal troubles and deal with an American political environment that has often been hostile toward crypto.
According to Barron, this new phase represents a fresh opportunity for all tokens with real-world use cases, including XRP and Solana. Notably, Ripple CEO Brad Garlinghouse has also reaffirmed that the firm is not pivoting away from XRP.
Stablecoins Do Not Make XRP Obsolete
Reacting to the conversation, Brad Kimes of Digital Perspectives argued that every G20 nation, along with many others, will eventually issue their own stablecoins or central bank digital currencies (CBDCs) on the XRP Ledger.
He believes that when this happens, the world will still need a bridge asset to connect different currencies because not all currency pairs are equally liquid. According to him, the initial liquidity would attract more liquidity for XRP, leading to greater adoption.
Meanwhile, Molly Elmore of Valhil Capital also argued that claims suggesting that sovereign stablecoins would make XRP obsolete ignore an important economic reality.
When I hear the nonsense argument that sovereign currency stablecoins make the role of XRP obsolete, my next question is how do stablecoins solve the triffin dilemma?
It’s not in the US interests to be the dominant issuer of the global reserve currency.
China doesn’t want the… https://t.co/TaO1TcGTxO
— Molly Marlow (@mollyelmore22) November 7, 2025
She questioned how stablecoins could fix the long-standing Triffin Dilemma. Elmore explained that it’s not in the interest of the United States to keep serving as the world’s main reserve currency issuer, and China wouldn’t want that role either because it would hurt its export industry.
The Triffin Dilemma
The Triffin Dilemma is the conflict when one crypto tries to be both a scarce global reserve asset (like gold) and an everyday payment currency (like the dollar). Notably, to stay scarce and valuable, it needs a low supply and high price, making people hoard it instead of spending it.
However, for daily use, it needs stability and cheap transactions, which pushes fees up or forces more issuance, which hurts scarcity.
Bitcoin picked “digital gold,” so on-chain coffee payments became impossible. Meanwhile, Ethereum tried both and saw gas fee chaos. Also, stablecoins have fixed volatility but added centralization. Essentially, no single chain can perfectly do both without painful trade-offs.
Another investor who responded to Elmore agreed, saying that stablecoins don’t solve this fundamental problem. Instead, they only digitize it.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
