Ripple CTO David Schwartz has supplied to make clear key details about Ripple, its RLUSD stablecoin, the XRP Ledger, and XRP. He made the assertion in response to a current 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 “each time” she needs to debate the matter instantly. His message got here after Caitlin Lengthy claimed Ripple has didn’t stay as much as its early promise.
In a current podcast, she stated platforms like Bitcoin and Ethereum are higher fitted 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 techniques 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 outstanding XRPL validator’s (@Vet_XO) response as a begin of the clarification. Then, Lengthy can search an viewers with him for any further dialogue.
XRPL Validator Rebuts Caitlin Lengthy’s Claims
Vet stated Lengthy’s feedback misrepresent each the historical past and technical construction of the community. In an in depth submit, Vet stated 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 instantly refutes Lengthy’s declare that Ripple raised giant quantities of capital by way of 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 a 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 stated that these validators should 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 also be being issued on the XRP Ledger. He stated Ripple Funds continues to function natively on XRPL infrastructure, not simply Ethereum.
Vet additional identified that Ethereum performed a public ICO, not like Ripple. He stated Bitcoin was utilized in that sale to distribute ETH to early backers. In line with 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 recent options by way of amendments.
In line with him, there’s additionally an energetic developer base, and powerful liquidity supported by a local decentralized alternate. 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 equivalent 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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