Jake Claver: XRP Biggest Opportunity Isn’t International Payments

XRP community figures Eri and Jake Claver recently argued that XRP value goes far beyond cross-border payments.

In a post on X, Eri shared a clip from a recent livestream by Digital Ascension Group chairman Jake Claver. The discussion focused on the so-called “stablecoin sandwich” model.

Eri said she agreed with two of Claver’s key points. One of them is that Ripple has already used stablecoins such as USDT and USDC as bridge assets in its On-Demand Liquidity (ODL) service.

Ripple Already Used Stablecoins in ODL

According to Eri, Ripple’s payment infrastructure has previously incorporated Tether and USDC as bridge assets. These transactions were facilitated through the XRP Ledger’s decentralized exchange (DEX), helping reduce costs and improve transaction speed.

Meanwhile, Eri added that Ripple’s RLUSD stablecoin is being positioned in a similar way. She pointed to comments from Ripple’s UK and Europe Managing Director, Cassie Craddock, who recently said Ripple Payments has been built around a stablecoin bridge.

The community commentator said investors should pay close attention to new high-quality trading pairs added to the XRPL DEX and focus on transaction volume and liquidity metrics rather than narratives circulating online.

XRP Role Beyond International Payments

In the livestream clip, Claver addressed ongoing talks about XRP’s future value. Specifically, he discussed whether XRP can reach high valuations without becoming the primary bridge asset for global payments.

He explained that a stablecoin sandwich involves converting fiat currency into stablecoins such as USDC. Those stablecoins are then transferred across blockchain networks before being converted back into local currencies. This allows international money movement without direct exposure to cryptocurrencies.

However, Claver argued that financial institutions will ultimately choose the most efficient settlement option available.

“If there is a faster, cheaper way to settle payments, it will route through XRP,” he said.

Claver also rejected the notion that XRP’s success depends entirely on replacing SWIFT or dominating cross-border payments. In his view, international payments represent only one of many use cases for the asset.

XRP’s Potential in Collateral and Market Infrastructure

Claver said he sees XRP’s long-term role extending into market settlement infrastructure and serving as collateral for derivatives markets.

Similarly, Eri noted that XRP has numerous applications outside payments, including collateral and decentralized finance. She also referenced comments from Evernode CEO Asheesh Birla, who has previously spoken about new financial products on the XRP Ledger that have yet to be imagined.

According to Claver, XRP could become more efficient than stablecoins if it reaches sufficient liquidity and value. Combined with the XRP Ledger’s built-in DEX and interoperability features, it would offer a cheaper and faster settlement option.

He argued that institutions seeking low-cost settlement and seamless asset swapping may ultimately prefer a highly liquid bridge asset like XRP over stablecoin-based transfers.