XRP’s role in US Digital Asset Stockpile raises questions on token utility — Does it belong?

Quick Summary:

Trump’s executive order on March 6 established a new structure for the altcoins — the Digital Asset Stockpile, managed by the Treasury. While the crypto community remains divided on whether XRP is truly as valuable as President Trump suggests, a closer look at the altcoin’s utility is warranted. XRP’s potential role in bankingLaunched in 2012 by Ripple Labs, the XRP Ledger (XRPL) was designed for interbank settlements.

Related: SEC delays decision on XRP, Solana, Litecoin, Dogecoin ETFsCrypto pundits split hairs on XRP’s role in a strategic reserveRipple Labs representatives have long advocated for equal treatment of cryptocurrencies, with CEO Brad Garlinghouse reiterating this on Jan.27. Garlinghouse said,  “We live in a multichain world, and I’ve advocated for a level-playing field instead of one token versus another.

Few projects are as antithetical to Bitcoin.”There’s no love lost between Bitcoiners and Ripple supporters, especially after Ripple co-founder Chris Larsen partnered with Greenpeace to fund an anti-Bitcoin campaign. However, Lopp’s comparison to CBDCs holds some weight, given XRPL’s permissioned nature.

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Article Details

Author / Journalist: Cointelegraph by Marie Poteriaieva

Category: Crypto

Markets: United StatesJapan

Topics: Token Xrp’s Utility Crypto Stockpile Does Role Digital Ripple Bitcoin Asset

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-17 @ 18:45:00 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 812 words

Reading Time: 5 minutes read

Sentences: 46 lines

Sentence Length: 18 words per sentence (average)

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Copyright Owner: © Coin Telegraph

News ID: 27106231

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