Panos Mekras, an esteemed blockchain advisor focused on the XRP Ledger (XRPL), has raised concerns regarding the absence of the USDC stablecoin on XRPL. Mekras, well known for his knowledge of blockchain technology, used social media platforms to underscore this void. He emphasized the need to have USDC and EURC (Euro Coin) included in the XRPL, specifically for the promotion of projects such as Anodos on this blockchain. Mekras disclosed his initiative of getting in touch with Circle, the company behind USDC, asking them why they did not make a stablecoin available on XRPL.

This debate raises more general concerns in the XRP community regarding the role of Ripple in enabling those integrations and developments on the XRPL. Mekras recommended a couple of diversification and autonomy from Ripple’s dominance so that other projects and ideas can be included in the system to lead it to larger growth and innovation.

XRPL in Critical Moment Phase in the Midst of Integration Discussions

Mekras highlighted a problem that could hinder XRPL’s development, explaining it the fact that Ripple is usually considered as the main driving force of the platform. He insisted that there is a need for an increase in the level of awareness within the XRP community itself and externally on the large ecosystem and power of the XRPL. This increased enlightenment is considered to be essential for the nurture of a more comprehensive perception of XRPL’s capabilities beyond the contributions of Ripple.

The dialogue started by Mekras highlights the challenges associated with XRPL’s evolution and the necessity for joint actions to broaden its scope. The more the conversation develops, the more stakeholders are anxiously waiting for Ripple’s response and actions that should be taken to accelerate the USDC integration on XRPL. This milestone is very important for the XRP ecosystem, and its future is going to be greatly affected.

Ripple is Expected to Respond as Community Demands Action

Stablecoins such as USDC and EURC integration into XRPL are considered critical for the development of the ledger and the expansion of the project using its technology. The proactive character of the Mekras approach to the Circle is to speed up the process; however, it also indicates the perceived delays related to the act of the Ripple in this integration. The XRP community has now turned to Ripple for clarification and faster methods of enabling the long-awaited integration.

Read Also: Top Analyst Predicts Bitcoin To Dip Below $61K, But There’s A Condition

The post Ripple Role Questioned as USDC XRP Ledger (XRPL) Integration Lags appeared first on CoinGape.

---

Filed under: News - @ January 1, 1970 12:00 am