USDC on XRP Ledger, A Spark for Change?

USDC on XRP Ledger, A Spark for Change?

Mar 15 Tech Standard

The XRP Ledger (XRPL) community is buzzing with discussions about the potential integration of USDC, the world's second-largest stablecoin. This conversation was ignited by Panos Mekras, a renowned blockchain advisor known for his expertise in the XRPL space.

Mekras took to social media to highlight the importance of integrating USDC and EURC (Euro Coin) for the growth of projects like Anodos on XRPL. He even went a step further, reaching out directly to Circle, the company behind USDC, to understand the delay in issuing a stablecoin on the XRP Ledger.

This move by Mekras goes beyond just USDC. It raises a crucial question: Does XRPL rely too heavily on Ripple, the company that created it? While acknowledging Ripple's foundational role in the XRPL ecosystem, Mekras suggests a need for diversification. He argues that a less Ripple-centric approach could foster greater innovation and growth within the XRPL community.

Mekras further suggests that the perception of Ripple as the sole driving force behind XRPL might be hindering its development. He emphasizes the need to raise awareness about the broader functionalities and independent ecosystem of XRPL.

This discussion surrounding USDC and XRPL has sparked a firestorm of interest. Stakeholders are eagerly waiting for Ripple's response and potential actions to expedite USDC's integration. This could be a pivotal moment for the XRP ecosystem, potentially attracting new projects and users while solidifying XRPL's position in the ever-evolving blockchain landscape.


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