Market Analysts Speculate Ripple's XRP Could Evolve Into a Gold-Backed Stablecoin

Bitget App

Trade smarter

Cointime2024/02/17 09:41

By:Cointime

Market analysts are speculating that Ripple's XRP could potentially become a gold-backed stablecoin, which would differ from traditional USD-pegged stablecoins. Black Swan Capitalist Founder Versan Aljarrah believes that XRP could play a vital role in the development of a gold-backed stablecoin, as institutions like the World Bank and International Monetary Fund have been urging for such a development. Aljarrah cited research conducted by Black Swan Capitalist's financial analyst Vandell and Miles Franklin CEO Andy Schectman, which concluded that XRP is the "key" to a gold-backed stablecoin. However, former Ripple director Sean McBride believes that XRP is more likely to be classified as a payments stablecoin, rather than a traditional stablecoin.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

Share link:In this post: Amazon will invest $13 billion to expand data centers in Sydney and Melbourne between 2025 and 2029. The investment supports Australia’s AI growth and includes building three new solar farms. It is expected to create skilled jobs, boost clean energy use, and cut carbon emissions by up to 94%.

Cryptopolitan•2025/06/15 06:01

Amazon pours $13B into Aussie AI and cloud in record tech push

Israel strikes Iran’s major gas field, threatening the energy markets

Share link:In this post: Israel struck Iran’s South Pars gas facility, triggering explosions. The attack worsens Iran’s energy crisis amid ongoing blackouts and $250 million in daily economic losses. Oil prices and the energy market spiked and could rise further as markets brace for more instability in the region.

Cryptopolitan•2025/06/15 06:01