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Title: Ripple CTO Explains XRP Burn Mechanics Behind Ripple USD Stablecoin
As the cryptocurrency market continues to experience a significant drop, many investors are left wondering what could be causing such a volatile trend. In recent times, there has been much debate about the XRP burn mechanics and how it relates to the Ripple USD stablecoin. To clarify any confusion on this topic, we’re going to dive into an exclusive interview with David Schwartz, the CTO of Ripple.
In his recent statement, Schwartz provided insights into the ongoing process and its impact on the market. He explained that the XRP burn will not have a substantial effect on the present situation due to their separate uses. It was made clear by him that Ripple USD stablecoin is not connected to or influenced by the XRP burn.
Source: u.today
