XRP community members are defending the cryptocurrency's role in cross-border payments, despite criticism suggesting stablecoins could make it obsolete. Critics, including Vibhu Norby from the Solana Foundation, argue that stablecoins might replace XRP. However, supporters like Paul Barron and Brad Kimes emphasize XRP's importance as a bridge asset in Ripple Payments.
Molly Elmore of Valhil Capital also disputes the notion that stablecoins can address the Triffin Dilemma without economic trade-offs. Ripple CEO Brad Garlinghouse has reiterated the company's commitment to XRP, underscoring its continued relevance in facilitating international transactions.
XRP's Role in Cross-Border Payments Defended Amid Stablecoin Debate
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