TechFlow News — During an X Space event, members of the XRP community inquired about the progress of Ripple's Prisma on-demand liquidity (ODL) API product. Ripple CTO David Schwartz responded that ODL currently does not support decentralized exchanges (DEX), but the company is actively researching ways to integrate DEX services into ODL to enable trading with automated market makers (AMM).
Schwartz elaborated on Prisma's capabilities, emphasizing its ability to leverage liquidity from both DEXs and multiple centralized exchanges by breaking large transactions into smaller, more manageable ones—improving liquidity utilization and reducing costs. He noted that a key requirement for successfully integrating DEX services into ODL is the availability of strong stablecoins pegged to major currencies, such as USD or EUR stablecoins. While such stablecoins are not yet fully mature, he expressed hope that suitable options will emerge in the future.
Schwartz also mentioned that Ripple had an opportunity two and a half years ago to integrate stablecoins into the XRP Ledger, but this was hindered by the SEC lawsuit, which disrupted progress on incorporating stablecoins and DEX services into ODL.
Nonetheless, Schwartz affirmed that Ripple is actively collaborating with banks and major financial institutions to encourage the development and issuance of high-quality stablecoins.
