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Crypto Founder Explains Why RLUSD Cannot Replace XRP as the XRPL Routing Asset
Aug 10, 2026
< 1 min read
by Abdulkarim Abdulwahab
for The Crypto Basic
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Jake Claver, chairman of Digital Ascension Group, said on Aug 10, 2026 that Ripple’s dollar-backed stablecoin RLUSD cannot replace XRP because the two tokens serve fundamentally different roles on the XRP Ledger (XRPL). He argued this preserves XRP’s utility as the XRPL routing asset and implies continued adoption and demand for XRP liquidity and routing even as stablecoin use grows, affecting token utility and market dynamics in crypto and DeFi.
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Jake Claver, chairman of Digital Ascension Group, has argued that RLUSD and XRP serve fundamentally different roles on the XRP Ledger. He disagrees with the idea that Ripple’s dollar-backed stablecoin could make XRP unnecessary.
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