The XRP community is currently abuzz with speculation regarding the imminent launch of the Ripple stablecoin, RLUSD. Contrary to widespread rumors, Vet (@Vet_X0), a renowned XRPL dUNL validator and co-founder of the leading XRP Ledger nft marketplace “xrp.cafe”, has x.com/Vet_X0/status/1840448481002934632″ target=”_blank” rel=”noopener nofollow”>clarified that RLUSD will not be fully functional on XRPL this year.
Why Ripple stablecoin won't be fully operational this year
In a detailed post about x, Vet explains the technical limitations: “Expectation management! RLUSD will only launch on eth this year, or it will also launch on XRPL but without the ability to initially be used on AMM on the XRP Ledger, but with the DEX order book. I hope, or rather I hope, the latter.”
Vet further explained the reasons, pointing out the “recovery” feature enabled on RLUSD, which XRP Ledger does not currently support on its Automated Market Maker (AMM). “RLUSD is a stablecoin with recovery settings enabled. The XRP Ledger denies the use of tokens with this configuration on the AMM. Amendments are being prepared to help resolve this,” Vet added.
Key amendments cited by Vet include XLS-73 AMM Clawback and XLS-77, which are designed to improve control over trust lines and restrict the transferability of RLUSD under certain conditions. XLS-73 aims to modify the AMM system to accommodate assets with recovery functions, while XLS-77 aims to enable a more complete freeze of Trustlines to further protect the network from misuse by listed accounts. black.
“In other words, because XRPL is decentralized, it is impossible to predict when these amendments will arrive, especially given the fatigue I observed. I love seeing people excited about things happening on-chain through the tracker I made, learning about trust lines and IOUs in XRPL is exactly where I want the attention, rather than screenshots of articles , associations and secret committee talks. ”, concluded the veterinarian.
Notably, Ripple Chief technology Officer (CTO) David “JoelKatz” Schwartz did not dispute Vet's overall assessment, but provided clarification on a specific technical point in Vet's explanation. In a comment on x, Schwartz noted: “FWIW, I'm not sure I like the description of XLS-77 as a 'deeper' freeze. If anything, it's less deep. Unless I'm missing something, in any case where XLS-77 makes a difference, an asset that would have been frozen is instead not frozen.”
Vet responded to Schwartz's criticism by refining his terminology, acknowledging the complexity of the terms and their implications on the entire XRPL infrastructure: “Good point… hmmm… in my opinion, it made sense because the freeze goes beyond the trustline, includes payment engine and dex – maybe that's why it's 'deep'.”
Daniel Keller, another well-known figure within the XRP community, asked for further clarification whether the central statement regarding the Ripple stablecoin is pure speculation or fact. The vet confirmed the technical barriers: “Confirmed by the XRP Ledger that it is not possible. It is not confirmed which path they will take, only eth or eth and XRPL but with AMM restrictions.”
At press time, XRP was trading at $0.6344.
Featured image created with DALL.E, chart from TradingView.com
