Lark Davis says RLUSD launch unlikely to drive institutional XRP demand

Bitcoin investor and entrepreneur Lark Davis stated that the introduction of RLUSD, Ripple ‘s dollar-backed stablecoin, is not expected to create significant institutional demand for XRP. In a recent post on X, Davis argued that financial institutions can leverage RLUSD across multiple blockchains while holding only minimal amounts of XRP to process high-volume transactions. Ripple, a San Francisco-based payments technology company, has clarified that RLUSD was not developed to replace XRP within its ecosystem. Brad Garlinghouse, CEO of Ripple, emphasized that RLUSD is designed to compete with other stablecoins rather than with XRP itself. The company has maintained that each of its products fulfills a distinct function for the network.

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