Ripple CTO David Schwartz announced that the company's new revenue model, which includes stablecoin development, is designed to alleviate pressure from XRP sales. Historically, Ripple has depended on XRP sales to fund operations. However, Schwartz highlighted that the introduction of diversified income streams, such as enterprise services and the RLUSD stablecoin, aims to mitigate concerns about selling pressure, particularly during market downturns. This strategic shift is intended to foster more sustainable operations and lessen reliance on token liquidations.
Ripple CTO: New Revenue Model Eases XRP Sales Pressure
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