The post Ripple’s CTO Shares Thoughts on RWAs and Stablecoins appeared on BitcoinEthereumNews.com.

Ripple CTO, David Schwartz has mixed feelings about RWAs. Schwartz thinks RWAs are boring but crucial to the crypto industry. RWAs’ total market cap is relatively low, but analysts predict a surge in the future. Ripple’s CTO, David Schwartz, has mixed feelings about real-world assets (RWAs) and stablecoins. According to Schwartz, both categories of digital assets are “boring” but remain crucial to the crypto industry’s mass adoption.  In a recent post on X, the outspoken Ripple CTO stated that mass adoption requires boring products. Schwartz’s statement highlights the low volatility characteristics of the identified digital asset categories. According to the crypto expert, despite the fun attached to high-yield and high-risk digital assets, 99.5% of crypto users would choose reasonable yields with low risk. Related: RWA Market Thrives: Top Tokens Gain Big as TVL Hits $7.6 Billion Schwartz’s comments followed a crypto user’s post that complained about the slowness of RWA cryptos, linking them with stablecoins that exhibit similar slow price movements with extended restrictions. According to the user, RWAs are slow, do not transact a lot, and do not bring monetary liquidity. He highlighted the localized trading of this category of digital assets and their restriction to the country where they were minted. However, Schwartz highlighted that boring digital assets are crucial to attracting people into the DeFi ecosystem. He noted that stablecoins fall under the same category, citing Circle’s USDC as an example. According to Schwartz, despite the USDC’s relatively low volatility, it has attracted a massive DeFi ecosystem. People discover how to use the stablecoins as collateral, re-pledge them through smart contracts, and do all kinds of other interesting things with them.  RWA Market Continues to Grow The RWA market cap as of writing was $16.29 billion. Although it reflects a relatively small portion of the total crypto…

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Filed under: News - @ January 29, 2025 4:22 pm