Ripple CTO Breaks Silence on Caitlin Long’s ‘XRP ICO’ Misconception

Uncover insights within the NFT area. This article dives into: “Ripple CTO Breaks Silence on Caitlin Long’s ‘XRP ICO’ Misconception”.

Ripple CTO David Schwartz has supplied to make clear key details about Ripple, its RLUSD stablecoin, the XRP Ledger, and XRP. He made the assertion in response to a current criticism from Custodia Bank CEO Caitlin Long.

Ripple CTO Addresses XRP Doubts, Open to Dialogue with Caitlin Long

In a put up on X, Schwartz instructed Long he’s out there “whenever” she desires to debate the matter instantly. His message got here after Caitlin Long claimed Ripple has didn’t dwell as much as its early promise.

In a current podcast, she stated platforms like Bitcoin and Ethereum are higher fitted to tokenization as a result of they required little or no capital to launch. Long contrasted this with Ripple’s XRP preliminary coin providing (ICO).

She additionally questioned why the corporate has not changed monetary programs like SWIFT regardless of its lengthy presence within the area. Long additionally pointed to Ripple’s stablecoin launch on Ethereum as proof that the XRP Ledger might not function the foundational layer Ripple as soon as envisioned.

Ripple CTO referenced the outstanding XRPL validator’s (@Vet_XO) response as a begin of the clarification. Then, Long can search an viewers with him for any extra dialogue.

XRPL Validator Rebuts Caitlin Long’s Claims

Vet stated Long’s feedback misrepresent each the historical past and technical construction of the community. In an in depth put up, Vet stated Ripple by no means carried out an ICO.

She has no clue what she is speaking about, however she talks with such confidence about it.

1) Ripple by no means did an ICO. XRP was value nothing when the XRP Ledger began and all 100B put into the genesis account.

2) The XRP Ledger is decentralized. Either it’s ignorance or lack of…

— Vet (@Vet_X0) August 6, 2025

He clarified that XRP worth was initially zero and that the complete provide of 100 billion tokens was positioned within the Genesis ledger account when the community launched. This instantly refutes Long’s declare that Ripple raised giant quantities of capital by means of an preliminary coin providing.

Vet additionally challenged the repeated declare that the XRP Ledger is centralized. He referred to as such arguments both ignorant or the results of poor schooling.

He emphasised that anybody can be part of the community, run a validator, and even fork the codebase. Vet added that the XRP Ledger at present helps over 1,000 nodes and greater than 100 validators operated by people and companies.

He additional stated that these validators aren’t managed by Ripple. The XRPL validator addressed Long’s remark that Ripple depends on Ethereum for stablecoin issuance.

Vet confirmed that RLUSD (the corporate’s U.S. dollar-pegged stablecoin) can also be being issued on the XRP Ledger. He stated Ripple Payments continues to function natively on XRPL infrastructure, not simply Ethereum.

Vet additional identified that Ethereum carried out a public ICO, in contrast to Ripple. He stated Bitcoin was utilized in that sale to distribute ETH to early backers. According to him, this makes Ripple’s launch course of distinct and arguably extra clear.

Also, Vet famous that growth on the XRP Ledger has by no means slowed. He highlighted ongoing progress together with the adoption of recent options by means of amendments.

According to him, there’s additionally an energetic developer base, and robust liquidity supported by a local decentralized trade.  added that XRPL was the primary community to introduce each a DEX and tokenization layer.

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Paul

Paul Adedoyin is a crypto journalist with 4+ years expertise who supplies well timed information, in-depth analysis, and insightful content material to tell and empower his viewers. His works have been featured on websites similar to CryptoMode, CryptoNewsFlash amongst others.
He holds a level in Geophysics from OAU, Nigeria. When he isn’t writing, he loves watching soccer and studying educative journals.
He could be reached by way of [email protected]

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