Popular XRP community figure Eri claims that XRP’s use case has evolved beyond its niche role for cross-border settlement into a multi-dimensional asset.
Yesterday, Eri took to X to assert that the number of top XRP influencers who only focus on Ripple initiatives without commenting on XRP finance is reducing drastically.
According to her, most XRP holders now know that the token’s use case has changed due to new technologies, stablecoins, and the Ethereum Virtual Machine (EVM). As expected, Eri’s assertions elicited mixed reactions, with some community members suggesting that the claims were false.
This is absolutely false… it’s a god damn minefield out here!! pic.twitter.com/fiExVskqnP
— Saul 🏴☠️ (@uptownsaul) May 4, 2025
How XRP’s Utility Is Changing
In response, Eri reiterated that XRP’s use case has changed significantly from its initial payment utility. Before, XRP was promoted as a token that facilitates low-cost and fast cross-border payments.
However, Eri believes this has changed with the inception of new technological solutions. In her recent X post, Eri asserted that XRP’s functionality has evolved in three major ways.
Gas Fee Functionality on EVM Sidechains
First, the prominent community figure indicated that Wrapped XRP (wXRP) currently serves as a gas fee token on EVM sidechains. For context, wXRP is a token that mirrors the performance of XRP. Given its design, wXRP can be used for gas fee payments on other blockchains, particularly EVM sidechains.
Eri’s statement indicates that as users leverage ETH to pay transaction fees on Ethereum, wXRP can also function as a gas fee token on new EVM-compatible sidechains.
RLUSD Drives XRP Appeal Among Institutions
Second, the influencer asserted that stablecoins like Ripple USD (RLUSD) have broadened XRP’s appeal among institutional and DeFi users. RLUSD, which launched last year, provides a compliant and stable way for institutions seeking to move value across borders through Ripple’s payment network.
Since Ripple’s payment technology operates on XRP’s underlying blockchain, XRPL, XRP is required to cover these transaction costs. More institutions adopting RLUSD for cross-border settlements would indirectly boost demand for XRP through fee usage.
Native Yield Generating Function
Finally, Eri disclosed that new technologies now allow investors to earn yield on their XRP holdings without transferring the asset from XRPL to another blockchain.
Specifically, she highlighted MoreMarkets as a DeFi protocol seeking to generate yields for users’ idle XRP holdings. The protocol, which is expected to launch this month, would allow users to earn yields on their XRP stakes without the token leaving the blockchain.
Overall, Eri believes that XRP, which was originally pitched as a token for fast and low-cost settlement, has evolved into a multi-dimensional asset due to stablecoins, new technology, and gas fee capabilities on EVM sidechains.
