CoinVoice has recently learned that on September 3, according to Coin Edition, XRP community members asked about the progress of Ripple Prisma On-Demand Liquidity (ODL) API products at the X Space event. Ripple Chief Technology Officer David Schwartz responded that ODL currently does not support decentralized exchanges (DEX), but the company is studying how to integrate DEX services into ODL to trade with automated market makers (AMMs).
Schwartz detailed Prisma's capabilities, emphasizing its ability to leverage DEX liquidity and multiple exchange liquidity to split large transactions into smaller, more manageable transactions to improve liquidity utilization and reduce costs. Schwartz pointed out that one of the key factors for successfully integrating DEX services into ODL is to have strong stablecoins pegged to major currencies, such as the US dollar stablecoin or the euro stablecoin. Although these stablecoins are not yet perfect, it is hoped that stablecoins that meet the requirements will appear in the future.
At the same time, Schwartz mentioned that Ripple had the opportunity to integrate stablecoins into XRP Ledger two and a half years ago, but was hindered by the SEC's lawsuit, which hindered the company's progress in integrating stablecoins and DEX services into ODL. However, Schwartz said that Ripple is actively working with banks and large financial institutions to encourage the launch of high-quality stablecoins. [Original link]
