On stage at the MESA Forum with
@HSBC,
@BlackRock,
@Mashreq, and
@RAKBANK, discussing stablecoins, tokenized deposits, and tokenized MMFs.
We started with a competition framing, but landed somewhere else! They aren't rivals, they have 3 distinct jobs:
🟢 Stablecoins: The always-on layer moving value between institutions without existing relationships (why
$RLUSD was built not to replace bank money, but to let it travel).
🟢 Tokenized Deposits: Keep bank money inside the existing perimeter, ideal for known counterparties.
🟢 Tokenized MMFs: Treasury yield & collateral, less of a payment vehicle.
The real question for the GCC isn't which wins! It's how well they connect.
The UAE isn't debating if it’s open for business; it's actively building. Excited to keep leaning in with
@Ripple 🇦🇪