Ripple Prime CEO Speaks Out on EDX Partnership, but XRP Left Behind

Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. As Ripple Prime officially announced an integration with crypto platform EDX Markets, CEO Michael Higgins confirmed that the partnership gives clients unified access to spot markets and perpetual futures through a single framework with centralized clearing and netting. Advertisement However, the launch of this institutional mechanism exposed a strategic compromise, and instead of XRP , the primary settlement and margin asset of the deal will be the stablecoin Ripple USD (RLUSD). Institutions don't want to manage more venues, they want smarter infrastructure. Excited to bring @markets_edx liquidity into @Ripple Prime, giving clients seamless access to spot and perpetual futures markets through one unified, capital-efficient framework. Fewer silos.… — Mike Higgins (@mikehiggins) May 21, 2026 For traditional heavyweights behind EDX, including Citadel Securities and Fidelity Investments, the use of dollar-backed stablecoins is effectively the only acceptable standard for minimizing volatility. As a result, RLUSD, a product designed to serve Wall Street, effectively leaves the volatile XRP outside the marketing narrative. Advertisement This naturally raised questions about whether the company's core token is being reduced to a secondary asset. HOT Stories Cardano's Ecosystem Under Threat Zcash (ZEC), Hyperliquid (HYPE), Dogecoin (DOGE), Shiba Inu (SHIB) and Bitcoin (BTC) Price Analysis for May 21: Alt Season Signals Grow Why is XRP sitting out the headline? Apparently, the tension around this issue can no longer be ignored, and the day after the announcement, Evernorth Treasury, the largest institutional holder of XRP, published a technical manifesto titled "Why RLUSD Can't Replace XRP" . In short, the authors emphasize that the absence of XRP from front-facing agreements at the EDX level is not a rejection of the token, but the result of a fundamental separation in architecture. The difference between the assets is divided across two key fronts: Advertisement RLUSD is an outer-layer instrument and a regulated facade, as the stablecoin is ideal as a digital dollar for margin collateral. However, it remains vulnerable to compliance requirements. The issuer is obligated to freeze wallets upon requests from authorities, while the asset itself remains tightly tied to banking reserves and regulatory risks. XRP is a neutral bridge inside the ledger, an untouchable engine that is decentralized and cannot be frozen or sanctioned, which makes it the only viable bridge for instant conversion between heterogeneous assets underneath the system's infrastructure. You Might Also Like Wed, 05/20/2026 - 15:58 Ripple CLO Alderoty Breaks Down What Clarity Act Really Means for US Market By Gamza Khanzadaev For conservative exchanges and external regulators, Ripple presents a familiar and compromise-friendly dollar layer in the form of RLUSD. XRP itself is increasingly moving behind the scenes and apparently no longer seeks the role of the flagship settlement asset for Wall Street. #XRP #RLUSD #XRP News #Ripple News