XRP Could Facilitate Gold-Linked Transactions Without Physical Backing
Versan Aljarrah, a commentator in the XRP community, suggests that XRP could facilitate transactions involving gold-backed stablecoins on the XRP Ledger, creating a “synthetic connection” to assets like gold without holding actual bullion.
XRP's Role with Gold Tokens
- XRP would enable the on-chain transfer of gold-pegged coins, with each token representing one gram of gold.
- Custodians such as MKS Pamp and Imperial Vaults would hold the physical gold bars.
- XRP provides liquidity and settles trades using its built-in exchange.
$XRP doesn’t need to be backed by gold. It just needs to move it.
When gold-pegged stablecoins live on $XRPL, XRP bridges them.
— Versan | Black Swan Capitalist (@VersanAljarrah) July 27, 2025
Meld Gold Initiatives
- Meld Gold is set to launch a gold token on the XRPL, with plans to back each token with one gram of physical gold.
- No other gold token projects have yet moved to the XRP network.
- Success of Meld Gold may encourage other issuers to follow suit.
Challenges Ahead
- Each issuer must ensure compliance with audits, legal contracts, and insured vaults.
- XRP’s fixed supply complicates traditional asset backing.
- The outcome of the Ripple-SEC lawsuit will influence institutional adoption of XRP.
While Aljarrah claims major institutions have plans to use XRP for bridging purposes, no public evidence exists. For now, large asset managers are focusing on blockchains with clearer regulations. Analysts suggest that even if gold-pegged tokens gain traction, XRP's price will primarily depend on its role as a liquidity tool for cross-border payments.