- Ripple CTO David Schwartz dismissed claims by Bitcoin maximalist Pierre Rochard that new XRP tokens can be minted, reaffirming that XRP’s supply is permanently capped at 100 billion.
- He emphasized that the XRP Ledger lacks any mechanism for creating additional tokens, ensuring transparency and stability for investors.
Ripple’s Chief Technology Officer, David Schwartz, has responded to fresh allegations questioning the integrity of XRP’s supply. Amid claims that Ripple can mint new tokens at will, Schwartz has firmly rejected the accusations, reinforcing that XRP’s supply remains capped at 100 billion tokens.
A Hard-Capped Supply
The controversy arose when Bitcoin maximalist Pierre Rochard alleged that Ripple creates new XRP tokens “out of thin air” and sells them to investors. This statement quickly gained traction, sparking debates within the crypto community.
Schwartz swiftly took to X (formerly Twitter) to dismiss these claims. He clarified that the XRP Ledger has no built-in mechanism that would allow for new XRP to be minted. According to Schwartz, the system is designed in such a way that no additional tokens can be introduced beyond the predetermined 100 billion cap.
Addressing Investor Concerns
The integrity of XRP’s supply is a crucial issue for investors and traders, as uncontrolled minting could lead to inflation and a loss of confidence in the cryptocurrency. By reaffirming the hard cap, Schwartz aimed to reassure the XRP community that the token’s supply remains secure and unchangeable.
Ripple has consistently maintained that its XRP holdings, primarily held in escrow, are released in a controlled and transparent manner. This system prevents the oversupply of tokens, ensuring stability in the market.
Why This Matters
Supply limitations play a major role in the valuation and trustworthiness of any cryptocurrency. Bitcoin’s fixed supply of 21 million coins, for example, is a key reason why it is often considered a hedge against inflation. For XRP, maintaining its 100 billion token cap is essential to upholding its credibility and long-term adoption.
Schwartz’s response highlights Ripple’s commitment to transparency, as well as its ongoing efforts to dispel misinformation surrounding XRP. While critics may continue to raise doubts, the CTO’s clarification serves as a reminder that XRP’s supply is firmly capped, reinforcing confidence in the token’s long-term viability.
As the cryptocurrency landscape continues to evolve, ensuring clarity and trust in token supply mechanisms remains a top priority for both investors and blockchain developers alike.
