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<p>The post <a href="https://coinpedia.org/news/can-ripples-xrp-be-a-gold-backed-stablecoin-black-swan-capitalist-predicts/">Can Ripple’s XRP Be a Gold-Backed Stablecoin? Black Swan Capitalist Debates</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Speculations are rife in the crypto world as Versan Aljarrah, the Founder of Black Swan Capitalist, once again hints at a potential transformation for <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/">Ripple’s XRP.</a> This time, the buzz surrounds the idea of XRP evolving into a gold-backed stablecoin, a departure from the usual USD-pegged stablecoins.</p> 
<p>Here’s a deep dive into this interesting take. </p> 
<h2 class="wp-block-heading" id="h-ripple-s-classification-sparks-debate">Ripple’s Classification Sparks Debate</h2> 
<p>The journey began in 2023 when the <a href="https://coinpedia.org/news/world-bank-labels-xrp-a-cross-border-stablecoin-ignites-ripple-community-debate-on-future-moves/">World Bank</a> unexpectedly labeled XRP as a stablecoin. This move triggered discussions within the crypto community about the future of cross-border payments and the role of digital currencies in traditional banking.</p> 
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   <p lang="en" dir="ltr">The final ruling settled it: <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> is NOT a security! We already won.<br><br>It's time to turn the page and shift the discussion to <a href="https://twitter.com/hashtag/stablecoins?src=hash&amp;ref_src=twsrc%5Etfw">#stablecoins</a>, where stability meets <a href="https://twitter.com/hashtag/innovation?src=hash&amp;ref_src=twsrc%5Etfw">#innovation</a>.<br><br>Months ago, we covered an article from the <a href="https://twitter.com/hashtag/WorldBank?src=hash&amp;ref_src=twsrc%5Etfw">#WorldBank</a> on stable coins. Shouldn't we talk about it? <a href="https://t.co/tuBXWH0TDK">pic.twitter.com/tuBXWH0TDK</a></p>— Black Swan Capitalist (@VersanAljarrah) <a href="https://twitter.com/VersanAljarrah/status/1686024147720081408?ref_src=twsrc%5Etfw">July 31, 2023</a>
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<p>Former Ripple director Sean McBride’s comments added fuel to the fire, emphasizing the World Bank’s surprising classification and igniting conversations about XRP’s evolving role. He asks the community for <a href="https://x.com/seanmcbride16/status/1757911369805115422?s=20">insights</a>.</p> 
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   <p lang="en" dir="ltr">Ripple has tons of capital. I’m super interested in your thought here, though. Why move away from <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> and its utility with progress being made, and many including the World Bank, already classifying <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> as a stable coin? Thank you for all your research and insight, it’s truly…</p>— Sean McBride (@seanmcbride16) <a href="https://twitter.com/seanmcbride16/status/1757911369805115422?ref_src=twsrc%5Etfw">February 14, 2024</a>
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<p>While traditionally positioned as a bridge currency for cross-border transactions, recent speculations hint at a strategic shift for Ripple. There are talks about integrating stablecoin functionality through Automated Market Makers (AMMs), raising questions about how Ripple plans to meet stability demands in the banking sector.</p> 
<p>Read More: <a href="https://coinpedia.org/news/jupiter-asset-management-dumps-2-5-million-in-xrp-investment-due-to-regulatory-issues/">Jupiter Asset Management Dumps $2.5 Million in XRP: Should Investors Worry?</a></p> 
<h2 class="wp-block-heading" id="h-xrp-as-the-ideal-gold-backed-stablecoin">XRP as the Ideal Gold-Backed Stablecoin</h2> 
<p>Versan Aljarrah, supported by research from Black Swan Capitalist’s financial analyst Vandell and Miles Franklin CEO Andy Schectman, boldly predicts XRP’s potential as an ideal gold-backed stablecoin.</p> 
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 <p><em>“We’ve been vocal about the #WorldBank, #IMF, and World Gold Council openly discussing the need for a #gold-backed #stablecoin for central banks to #tokenize gold reserves. After much research, along with Vandell &amp; Miles Franklin Co (Andy Schectman), we believe XRP will be the key.”</em></p> 
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<p>While some in the crypto community are optimistic about XRP’s shift to a gold-backed stablecoin, others express skepticism about the benefits of introducing such a stablecoin on the <a href="https://coinpedia.org/news/the-ripple-effect-understanding-xrps-position-in-the-stablecoin-debate/">XRP Ledger (XRPL)</a>.</p> 
<p>Read More: <a href="https://coinpedia.org/price-analysis/bitcoin-ethereum-and-xrp-price-prediction-for-next-week/">Bitcoin, Ethereum, And XRP Price Prediction For Next Week!</a></p> 
<h2 class="wp-block-heading" id="h-a-shift-in-the-financial-sector">A Shift in the Financial Sector</h2> 
<p>Beyond the XRP debate, the potential transformation into a stablecoin signals a broader shift in the financial sector. This move is driven by a quest for efficiency, security, and global reach. The ongoing debate questions XRP’s original mission and whether the World Bank’s classification is a positive endorsement or a sign of further evolution.</p>

Can Ripple’s XRP Be a Gold-Backed Stablecoin? Black Swan Capitalist Debates

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