John Squire Presses Ripple on XRP Benefits From DriveWealth Deal

Crypto commentator John Squire challenged Ripple to show how its DriveWealth partnership benefits XRP, focusing attention on whether stablecoin activity on the XRP Ledger creates meaningful use for the network’s native asset. Squire addressed Ripple CEO Brad Garlinghouse in an Oct. 14 X post, arguing that repeated partnership announcements have yet to produce the progress in XRP he wants to see. His comments expressed his view of holder frustration, rather than a measure of sentiment among XRP holders as a group. Ripple and DriveWealth’s Oct. 14 digital asset partnership covers more than stablecoin settlement. The companies plan to use Ripple USD (RLUSD) for settlement on the XRP Ledger in Europe, with a U.S. expansion planned.

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