Chief Legal Officer in Ripple Stuart Alderoty clarified some points regarding the Liquidity Hub.
Chief Legal Officer in Ripple Stuart Alderoty recently clarified some points regarding the Liquidity Hub. He noted:
Can’t join the Spaces today but wanted to clarify some Qs on our newest product Liquidity Hub. 1/ LH is an enterprise (institutional) product, not retail. In the US there is little liquidity for XRP. We’re keen to support XRP in LH when we can provide a good customer experience.
2/ Our product team has been very clear – LH was built to access all kinds of crypto liquidity, not just XRP. Our target LH customers – today mainly institutions in the US – want access to a variety of tokens like BTC, ETH, and stablecoins. We’re here to serve customer demands.
3/ Also, as previously stated in our blog post – XRP does not have regulatory clarity in the US, which is, of course, important to enterprise customers.
4/ For those comparing ODL and LH – ODL has for years used (and will continue to use) XRP. Our sales of XRP (reported every Q) are all to ODL customers for use in the product which is thriving globally!