DeFi· ★★· neutral·

Ripple's David Schwartz Admits Developers Erred on Stablecoin Design

  • —Schwartz: developers assumed all stablecoins would use the USD code without separate tickers
  • —In reality, the market is split between USDT, USDC and RLUSD, and wallets read only text tickers
  • —Proposal: a global ticker for the asset and a user-defined one for selecting trusted issuers
  • —XRP Ledger already addresses the issue through its trust line mechanism
Why it matters: The debate touches on stablecoin UX and interoperability — a key barrier to mass crypto payments.
#XRP#USDT#USDC#RLUSD
Source: U.Today
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