Whenever you bring up cryptocurrency with people outside the bubble, XRP always seems to come up. There's a reason for that—whether it's nostalgia or genuine interest remains unclear.

But here's what got me thinking: with stablecoins becoming increasingly dominant in the crypto ecosystem, what's actually happening to XRP's market positioning? The real question isn't just whether stablecoins are cannibalizing XRP's use cases—it's whether Ripple's vision for cross-border settlement can even coexist with the stablecoin infrastructure we're building today.

There's a harder narrative to explore here. One worth digging into if you want to understand where XRP actually stands in this evolving landscape.