Ripple has announced they are launching a new stablecoin on XRPL, and also on Ethereum to allow for "cross-chain interoperability."

I don't see much demand from other chains for such interoperability. I'm increasingly suspicious the XRP ecosystem consists mainly of Brad Garlicbread sending coins to himself.

A fomosapien who supports public goods, stands up for the values of the crypto community, loves Hip-Hop and gives out bad hockey bets.

Who is going to use that garbage? XRP holders, basically.

Navigating the world of finance by day, pondering its flaws by night. ETH Maxi

IMO most actual users the chain appears to have are just Brad Garlicbread sending coins to himself.