coinedition.com
A debate has emerged within the $XRP community over the role of stablecoins on the $XRP Ledger and whether they strengthen or weaken $XRP’s position.
The discussion gained momentum after $XRP Ledger validator Vet rejected claims that tokens like $RLUSD and $USDC could diminish $XRP’s relevance on the network. Writing on X, he said stablecoins should not be seen as rivals to $XRP, but as tools that can help expand activity across the ecosystem.
You have it completely wrong if you think issued assets on the $XRP Ledger like $RLUSD or $USDC are in competition with $XRP.
— Vet (@Vet_X0) June 3, 2026
The $XRP Ledger is a multi asset ledger and in itself a decentralized exchange.
Predictable fees and $XRP aggregating liquidity via auto bridging.
Sometimes…
Vet maintains that the $XRP Ledger was built to support multiple types of assets working side by side. In his view, stablecoins and other issued tokens serve different functions, while $XRP remains central to liquidity on the network. He argues that increased stablecoin activity ultimately supports, rather than weakens, the broader ecosystem.
Vet Rejects Competition Narrative
Responding to critics, $XRP Ledger validator Vet pushed back on the idea that stablecoins on the network compete with $XRP. He said assets like $RLUSD and $USDC should be seen as complementary rather than replacements.
“You have it completely wrong if you think issued assets on the $XRP Ledger like $RLUSD or $USDC are in competition with $XRP,” he said.
Vet explained that the $XRP Ledger operates both as a multi-asset network and a decentralized exchange. In that structure, he said $XRP plays a key role in linking liquidity across different assets through features such as auto-bridging, while also helping keep transaction costs stable.
He also pointed to the different roles digital assets serve. According to him, $XRP is better suited for situations where price movement matters, while stablecoins are used when users want to avoid volatility.
He pointed to other blockchain networks that already support a mix of stablecoins, tokenized assets, lending platforms, decentralized finance applications, and commodities. In his view, that mix is part of how modern blockchain ecosystems grow.
Reading all the comments made me sad and realize we are in a worse position than I expected. Many people still have no idea what $XRP and the XRPL actually represent and what they were built for.
— Panos 🔼🇬🇷 (@panosmek) June 3, 2026
It's 2026, other chains have billions in liquidity, stablecoins, stocks,… https://t.co/iN9Cg98HII
Panos also said network growth depends less on speculation and more on actual activity—liquidity, developers building on the network, working applications, and users interacting with them.
He added that lasting demand comes from real-world use. On that basis, he urged the community to focus on adoption and network activity rather than expectations driven mainly by price movements.
The debate comes amid growing frustration over aggressive $XRP price forecasts. Analyst Zach Rector recently criticized influencers promoting extreme projections without technical support.
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