A viewer asked: How are you so certain that XRP will thrive and get to higher prices when banks and institutions could just use ROL USD since it has high velocity and basically zero volatility? This recording is Jake Claver's answer, in full and unedited.
Also coveredstablecoin, collateral, settlement
More on this subject: jakeclaver.com.
What this recording covers
Claver addresses why major banking institutions would utilize a neutral bridge asset like XRP rather than relying solely on proprietary stablecoins for international settlement. He explains that commercial banks prefer issuing their own stablecoins to retain interest from underlying Treasury reserves and avoid counterparty dependencies on third-party issuers. However, because competing financial institutions will issue separate proprietary tokens, cross-border settlement requires an intermediary mechanism to connect disparate currencies. Claver describes how traditional cross-border settlement ties up substantial capital in pre-funded foreign accounts across the globe. He explains that a neutral bridge asset with integrated decentralized exchange functions enables instantaneous settlement in seconds. This rapid execution reduces exchange rate volatility compared to multi-day traditional foreign exchange settlement, eliminating the requirement for pre-funded correspondent bank accounts.
Where this fits
This page hosts a recorded video and a short summary of what it covers. It is general information, not investment, tax, or legal advice, and not a recommendation to buy or sell any asset or to form any entity. Rules change and older recordings may describe a position that has since moved. Speak to a qualified professional before acting.