Schwartz Defends XRP Valuation As 37 European Banks Advance Stablecoin Plans
Key Summary
Ripple CTO David Schwartz asserted that higher token prices improve ledger liquidity, while European banking consortium Qivalis advanced a regulated euro stablecoin project involving Ripple custody partners BBVA and DZ BANK amidst ongoing derivatives liquidations.
Key Bullets
- Ripple CTO David Schwartz argued publicly that a higher token price directly improves network liquidity and lowers transaction slippage on the XRP Ledger.
- European banking consortium Qivalis secured Electronic Money Institution authorization from the Dutch central bank to launch a regulated digital euro.
- Spot XRP exchange-traded funds recorded $10.4M in net outflows following a steep market correction that dropped the token below $1.10.
- Binance order-book metrics showed cumulative volume delta turning negative as aggressive spot selling overwhelmed incoming buyer bids.
Schwartz Defends Higher XRP Valuation Targets
Ripple CTO David Schwartz argued in public statements that higher token valuations directly improve ledger efficiency and reduce transaction slippage for institutional users. According to social media statements published Sunday, Schwartz maintained that cost-effective liquidity depends heavily on elevated asset prices.
The remarks arrived as spot exchange-traded funds recorded $10.4M in net outflows. Traders dumped long exposure rapidly.
European Banking Consortium Advances Stablecoin Plans
Financial integration across Europe gained momentum as Qivalis, a consortium comprising 37 banks across 15 countries, secured authorization from the Dutch central bank in October 2026. Public registry filings confirm the consortium aims to deploy a regulated euro stablecoin.
Key consortium participants include BBVA and DZ BANK. Both financial institutions maintain existing operational partnerships with Ripple Custody technology.
Derivatives Liquidation Wave Hits Order Books
Exchange data monitored across major derivatives venues revealed $26.0M in total liquidations on November 9, with leveraged long positions representing 98.4% of the wipeout. Binance order-book metrics showed cumulative volume delta turning negative.
Aggressive spot selling overwhelmed available bids. Price action dipped below $1.10.
The Evolution of Executive Token Holdings and Insider Liquidation Disclosures
This latest milestone builds upon roots established in August 2026, when on-chain transaction history confirmed that Ripple CTO Emeritus David Schwartz had systematically reduced his personal token balance down to 2 million tokens following the liquidation of 2.5 million XRP. That de-risking strategy, which triggered a $1.7M capital gains tax liability for the veteran developer, preceded a period where September market metrics placed the asset near a $90B valuation.
While today's institutional conversations center around European banking consortia and ledger efficiency, past public defense of those valuation targets reflects years of internal debate regarding executive asset distribution and long-term network market capitalization.
Impact score:3 out of 5 | Narrative Tracker:Corporate Treasuries & Institutional Adoption
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