Former director of Ripple: "XRP can transform into a stablecoin after the approval of the World Bank"
The former director of Ripple, Sean McBride, supported the opinion about the possible transformation of XRP into a stablecoin pegged to the US dollar.
Sean McBride supported a well-known Ripple supporter who is present on the social network X under the pseudonym WrathofKahneman. WrathofKahneman stated that the transformation of XRP into a stablecoin could bring huge public benefits and liquidity to Ripple. In a reply tweet, McBride wrote that many participants in the crypto industry, including the World Bank, already classify XRP on a par with stablecoins, because they believe in the progress that can be achieved through the introduction of the coin.
McBride noted that the World Bank's early statements about its intention to approve XRP as a stablecoin for cross-border payments confirm the correctness of Ripple's strategic policy to address the volatility of digital currencies. Ripple's assets are known for their stability, which allows users to conduct cross-border transactions without worrying about significant fluctuations in value. Moreover, Ripple's solutions are aimed at providing low-cost international financial payment services to end users and the public who do not have access to traditional banking services.
On the eve of the Australian lawyer Bill Morgan, who protects the interests of XRP owners, said that transactions with this coin in their internal content cannot violate securities laws and have nothing to do with investment contracts.
