Crypto commentator SMQKE has drawn fresh attention to a potential link between the proposed digital euro and XRP, arguing that developments around the XRP Ledger (XRPL) could position the token at the center of Europe’s CBDC plans. What SMQKE highlighted - In an X post, SMQKE pointed to the EU’s Distributed Ledger Technology (DLT) pilot program — the vehicle expected to support a digital euro rollout by around 2029 — and suggested the program could lean on XRP/Ledger infrastructure. - The commentator flagged Axiology, described as an XRPL-based technology layer for the DLT Transactional Settlement System (DLT TSS), as evidence of a potential technical tie between the digital euro and the XRPL. - SMQKE also noted that the DLT workstreams include a planned secondary market for tokenized securities, which would further expand the XRPL’s utility if implemented. What regulators say (and don’t say) - The European Central Bank has not confirmed that any CBDC will be launched on a public blockchain — including the XRPL — so any connection remains speculative until official decisions are disclosed. XRPL adoption and institutional tooling - The XRPL already hosts several natively issued stablecoins: Ripple’s RLUSD, Circle’s USDC on XRPL, and EURØP (a MiCA-compliant, euro-backed stablecoin). Native stablecoin issuance strengthens the case for XRPL as a payments and tokenization layer and could boost demand for XRP as the ledger’s native token. - XRPL developers are reportedly building institution-focused features to accelerate onboarding: privacy tools to let entities move funds on-chain without undue exposure, and quantum-resistant code to mitigate future cryptographic threats. Community debate: are banks accumulating XRP? - Crypto pundit Jake Claver argued on X that “the global financial system runs on XRP,” claiming big banks are quietly accumulating the token in anticipation of cross-border payment demand. He suggested XRP can support many daily cross-border transactions and that some firms will need it for global trade. - Others push back. Community member Crypto Eri countered that banks don’t necessarily need to hold XRP for payments. She noted Ripple’s On-Demand Liquidity (ODL) model lets payment providers use XRP in liquidity corridors, often via optional Ripple-managed wallets that avoid long-term exposure to the token. In her view, banks are more likely to use Ripple’s payment rails than to quietly amass token positions. Market snapshot - At the time of writing, XRP was trading around $2.13, up roughly 3% in the past 24 hours, per CoinMarketCap. Bottom line - The XRPL is gaining real-world use cases — native stablecoins, tokenized securities pilots and institutional features — which could improve the ledger’s prospects. Whether the digital euro or major banks will formally adopt XRPL infrastructure, or simply use payment solutions that interface with it, remains an open question pending official ECB guidance and further technical disclosures. Read more AI-generated news on: undefined/news