Ripple CTO David Schwartz has provided to make clear key details about Ripple, its RLUSD stablecoin, the XRP Ledger, and XRP. He made the assertion in response to a latest criticism from Custodia Financial institution CEO Caitlin Lengthy.
Ripple CTO Addresses XRP Doubts, Open to Dialogue with Caitlin Lengthy
In a submit on X, Schwartz advised Lengthy he’s out there “at any time when” she needs to debate the matter immediately. His message got here after Caitlin Lengthy claimed Ripple has did not reside as much as its early promise.
In a latest podcast, she mentioned platforms like Bitcoin and Ethereum are higher suited to tokenization as a result of they required little or no capital to launch. Lengthy contrasted this with Ripple’s XRP preliminary coin providing (ICO).
She additionally questioned why the corporate has not changed monetary methods like SWIFT regardless of its lengthy presence within the house. Lengthy additionally pointed to Ripple’s stablecoin launch on Ethereum as proof that the XRP Ledger could not function the foundational layer Ripple as soon as envisioned.
Ripple CTO referenced the distinguished XRPL validator’s (@Vet_XO) response as a begin of the clarification. Then, Lengthy can search an viewers with him for any extra dialogue.
XRPL Validator Rebuts Caitlin Lengthy’s Claims
Vet mentioned Lengthy’s feedback misrepresent each the historical past and technical construction of the community. In an in depth submit, Vet mentioned Ripple by no means performed an ICO.
She has no clue what she is speaking about, however she talks with such confidence about it.
1) Ripple by no means did an ICO. XRP was price nothing when the XRP Ledger began and all 100B put into the genesis account.
2) The XRP Ledger is decentralized. Both it’s ignorance or lack of… https://t.co/yQNtGe81XL
— Vet (@Vet_X0) August 6, 2025
He clarified that XRP value was initially zero and that the total provide of 100 billion tokens was positioned within the Genesis ledger account when the community launched. This immediately refutes Lengthy’s declare that Ripple raised giant quantities of capital by an preliminary coin providing.
Vet additionally challenged the repeated declare that the XRP Ledger is centralized. He referred to as such arguments both ignorant or the results of poor training.
He emphasised that anybody can be part of the community, run a validator, and even fork the codebase. Vet added that the XRP Ledger at the moment helps over 1,000 nodes and greater than 100 validators operated by people and companies.
He additional mentioned that these validators are usually not managed by Ripple. The XRPL validator addressed Lengthy’s remark that Ripple depends on Ethereum for stablecoin issuance.
Vet confirmed that RLUSD (the corporate’s U.S. dollar-pegged stablecoin) can be being issued on the XRP Ledger. He mentioned Ripple Funds continues to function natively on XRPL infrastructure, not simply Ethereum.
Vet additional identified that Ethereum performed a public ICO, in contrast to Ripple. He mentioned Bitcoin was utilized in that sale to distribute ETH to early backers. In response to him, this makes Ripple’s launch course of distinct and arguably extra clear.
Additionally, Vet famous that improvement on the XRP Ledger has by no means slowed. He highlighted ongoing progress together with the adoption of latest options by amendments.
In response to him, there’s additionally an energetic developer base, and powerful liquidity supported by a local decentralized change. added that XRPL was the primary community to introduce each a DEX and tokenization layer.
Paul
Paul Adedoyin is a crypto journalist with 4+ years expertise who supplies well timed information, in-depth analysis, and insightful content material to tell and empower his viewers. His works have been featured on websites similar to CryptoMode, CryptoNewsFlash amongst others.
He holds a level in Geophysics from OAU, Nigeria. When he is not writing, he loves watching soccer and studying educative journals.
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