Jake Claver

So I'm with you.

You know, I think that there are certain stable coins that

I don't know about, but I think Paxos is fine.

I think that USDC is fine and ROUSD are the three that when we've talked to MasterCard and Visa a couple years ago before ROUSD was released, those were the two that they felt comfortable handling and using.

You know, I don't know that it's going to get de-pegged, but it would be a huge liquidity crisis across the exchanges and crypto as a whole.

I mean, it's third largest market cap at this point.

And it's, I don't know if you've ever tried to trade like out of USDC into Bitcoin or some of these other tokens, but the trades are significantly smaller than what you can

You can't just cash out a million dollars.

No.

Well, you could, but it's a lot of slippage.

So the trades are just significantly smaller.

So you probably could find a trade for USDT to XRP or Bitcoin for a million dollars.

Somebody else is willing to take the opposite side of that.

That's annoying.

And the price is going to move while you're making those trades in and out of that stable coin into that crypto.

So, you know, that's another reason that I think XRP will probably end up sitting in a unique position for exchanges.

Have you ever heard of the Shane Ellis theory?

No.

So if you do some research on that, he talked about a situation where Bitfinex could go illiquid or there could be problems with Tether and they would then use XRP and that position and drive liquidity into it.

Based on his calculation, he saw around a $500 XRP just for that one use case.