Ripple CTO Schwartz sets record straight on Caitlin Long’s ‘XRP ICO’ claim

Ripple's Response to Criticism: Ripple's CTO David Schwartz addressed concerns raised by Custodia Bank CEO Caitlin Long regarding the integrity and direction of Ripple's projects, including claims about XRP's origins and the launch of their stablecoin RLUSD on Ethereum. Schwartz emphasized that Ripple did not conduct an ICO and that the XRP Ledger is decentralized.

Multi-Chain Strategy for RLUSD: The decision to issue the RLUSD stablecoin on both Ethereum and the XRP Ledger was defended as a strategic move to enhance liquidity and reach a broader audience, rather than a departure from Ripple's original vision. Validator Vet highlighted the ongoing development and technical leadership of the XRP Ledger, asserting its capabilities remain strong.