Ripple is developing a new feature designed to enable the creation of asset-backedtokens on top of the XRP registry. This was told by the technical director of the company David Schwartz.
According to him, Ripple seeks to expandnetwork capabilities, including enabling third parties to create their own cryptocurrencies in the XRP ecosystem. David Schwartz did not go deep into the description of all future opportunities, noting only such a function as the launch of tokens with a fixed value.
“Stablecoins are an obvious scenario, but they can be not only stablecoins, but also any other assets tied to comparative value”,He said.
A similar opportunity is already being provided by others.blockchains, for example, Tether, which launched several stablecoins simultaneously on top of various networks. But, as David Schwartz says, thanks to the XRP mechanics, the tokens created on its basis with asset tokens will have “guaranteed” liquidity.
Recall that in September 2019 the investmentXpring has acquired the Logos Network platform, announcing its intention to develop a range of decentralized finance (DeFi) products. Among them were derivatives, landing solutions, futures and forwards using the XRP token.
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