

Avenger
1.6K posts

@ThinkingMarveI
Decentralized by nature. Chainlinked by choice.




NEW: Chainlink Labs & @Anchorage join as founding members of the new Blockchain Leadership Fund (BLF) to advance U.S. digital asset & blockchain policy. By accelerating market structure clarity, BLF & Chainlink are unlocking the institutional adoption of digital assets.





The funniest things about the whole narrative around $XRP as a "bridge currency" are: 1. Any token can be a "bridge currency" onchain. 2. Every L1 gas token, across hundreds of L1s, has been a "bridge currency" this entire time on their chains. It simply means being the most liquid, often-used trading pair on that chain. $XRP people think that it's something unique/special property of $XRP. It's not. 3. XRP could hypothetically only be the "bridge currency" on just the XRPL. But, in order to use XRP as a "bridge currency" requires asset issuers to actually issue assets on the XRPL. Yet, XRPL has dismal adoption among asset issuers, which is why it has less than 1% marketshare on RWAs and less than .01% in stablecoins (and 75% of that .01% came from Ripple themselves) 4. This Blockworks research post shows that all of the major L1 gas tokens, such as ETH, SOL, and BNB, have all been displaced as "bridge currencies" on their own respective chains by USDT/USDC. So, if stablecoins have already dethroned L1 gas tokens as "bridge currencies" on chains with 1000X more usage than XRPL (and stablecoin growth will continue), then XRP has ZERO shot of being some special "bridge currency." x.com/SilvioBusonero… 5. Being a "bridge currency" on any single, siloed peer-hosted ledger doesn't solve "liquidity fragmentation." Especially, when 99.999999% of the world's value sits outside of that chain, where XRP can't even reach it. It simply shifts the burden elsewhere on who has to hold a particular asset to supply liquidity. XRP solves literally nothing, as explained in this post by the CIO of an organization owned, operated, governed, and used by 12,000 banks, who presumably were supposed to be using XRP to solve their "nostro/vostro funding" 2016 fever dream fantasy meme as sold by carnival barker Garlinghouse:

By owning $XRP, you are funding a company that has openly stated it will prioritize its equity shareholders over you Ripple wrote the playbook on this. Let me walk you through how it works👇 When a company sells both tokens and equity to investors, it creates two competing stakeholder groups whose economic interests may not, and often do not, align For example, when there’s excess revenue or profits, where does that value ultimately go: to equity holders via buybacks/dividends, to token holders via buybacks/staking rewards, or some split between the two? There is a fixed pot of revenue to distribute, and equity investors often have superior, clearer economic rights to that revenue that can be legally enforced, while token investors often do not Look at Circle’s recent acquisition of Interop Labs (Axelar team), Coinbase’s acquisition of Tensor, PumpFun’s acquisition of Padre, Ripple vs XRP. etc These are all situations in which equity holders benefited at the expense of, or isolation from, token holders In Ripple’s case, they have spent the past decade+ systematically selling XRP to retail while spinning a story of inevitable institutional adoption In reality, Ripple uses the proceeds of XRP sales to acquire real companies and fund Ripple Labs stock buybacks, to the sole benefit of Ripple Labs shareholders No value is created for the XRP token, even Ripple admitted under oath in court filings that the bridge currency use case of XRP is demand neutral and does not impact price Ripple Labs socializes its costs to XRP holders to fund product launches and corporate acquisitions, then privatizes the value for its own shareholders XRPL is an obsolete ghost chain that's not even in the top 40 chains by usage. It has less than 1% marketshare in RWAs and less than 0.01% in stablecoins. There is no metric the chain leads in Ripple themselves issued 90% of RLUSD on Ethereum and have now expanded it to even more chains outside of XRPL including BNY Mellon's private EVM chain and L2s The list goes on By owning XRP, you do not have complete exposure to the success of the ecosystem Ripple is building, because you do not own the equity, you own some undefined percentage of the success This issue doesn’t exist for Chainlink, because there are no equity investors. There is only the $LINK token to accrue value from the network’s growth. Even CLL employees receive long-term incentives rewards in LINK, not equity Unfortunately, depending on how you want to put it, there is no mass social media misinformation campaign driving retail towards Chainlink like we see with XRP However, Chainlink‘s clear dominance in DeFi (70%+ marketshare w/ $60B in DeFi TVL secured) and its tangible verifiable institutional adoption by the largest institutions in the world (Swift, DTCC, Euroclear, SBI, UBS, JP Morgan, Fidelity, ANZ, etc) will inevitably become too impossible to ignore While the XRP army comes up with bizarre conspiracy theories about why institutions don’t talk about XRP, enterprises adopting Chainlink have no issue publicly talking about their use of Chainlink And before you say Chainlink and Ripple/XRP are not competitors bc they do different things, I would agree from tech perspective, Chainlink actually offers useful products for banks and isn’t a retail grift Chainlink is the only unified platform that provides the critical data, interoperability, compliance, privacy, and orchestration standards that financial institutions need for advanced tokenization use cases None of these institutional use cases Chainlink powers have ever required a “bridge currency”, that is a fantasy narrative dreamt up by retail This has been proven time and time again The reality is that $LINK is the best index bet on the institutional adoption of blockchain, while $XRP is a bank themed memecoin that Ripple sells to retail to fund corporate acquisitions and stock buybacks Documented.📝

Chainlink was nominated for "Fintech of the Year" and "Asset Servicing Project – One to Watch," while Chainlink and Swift were nominated for "Asset Servicing Partnership of the Year" at @globalcustodian’s annual Leaders in Custody awards. chainlinktoday.com/chainlink-rece…

@_TallGuyTycoon Oh I am talking about this from days now. Ripple owns 38% XRP in escrow & 5% directly. So when they sell to institutions, it will be an exponential rise in circulating supply there by collapsing the price of XRP. I am saying its soon going below $2 and rest are talking $10,000 🤠

@ChainLinkGod It’s disgusting, to be quite frank with you They manipulate XRP holders into thinking things Ripple do will benefit XRP holders, tricking them into buying the token …when in reality they dump XRP printed out of thin air & use the proceeds to buy back their (Ripple) own share







What if the future of finance wasn’t just digital, but truly interoperable? Our latest trials show how Swift is helping make that a reality. We’ve completed pioneering digital asset interoperability trials with leading institutions, including BNP Paribas Securities Services, Intesa Sanpaolo and Societe Generale – FORGE, showcasing how Swift can orchestrate tokenised asset transactions across multiple platforms. This milestone builds on a broader set of recent trials, such as: ✅ ISO 20022 interoperability between blockchains with HSBC and Ant International ✅ Fiat and digital currency settlement with Citi ✅ Digital asset transaction exchange with Northern Trust and the Reserve Bank of Australia ✅ Bridging tokenised assets with UBS Asset Management and Chainlink Labs With these trials complete, we’re now adding a blockchain-based ledger to our infrastructure stack to enable real-time, 24/7 cross-border payments, in collaboration with more than 40 global banks. 👉 Read the full story: swift.com/news-events/ne… #DigitalAssets #Blockchain #Interoperability #SwiftLedger








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