How would XRP benefit if Ripple replaces traditional banking with stablecoins?

I’ve been thinking about Ripple’s long-term model and have a question for the XRP community.

Let’s assume Ripple really does replace or at least rival systems like SEPA or even SWIFT. In that case, Ripple could issue stablecoins like rpusd (or rpeur), and payments would mostly be settled in those stable assets. XRP would mainly act as a bridge asset for liquidity when direct pairs aren’t available.

Here’s the issue: why would I buy or hold XRP in that scenario?

a)
If banks and institutions just use XRP as a temporary bridge (buy → transfer → sell), there’s no lasting demand, just transactional volume.

b)
If stablecoins handle the majority of payments, then XRP’s role looks even more limited.

c)
Transaction fees on the XRPL burn only tiny amounts of XRP, so that doesn’t seem like a major driver either.

So does increased network usage actually translate into long-term price appreciation for XRP? Or is the whole bullish case basically dependent on banks/market makers deciding to hold large XRP reserves instead of just converting in and out on-demand?

Curious to hear other takes — but right now it feels like stablecoins might capture most of the real value, while XRP is left as “plumbing” in the background.

(btw, I tried posting this in r/XRP directly but don’t have enough karma yet, so I’m sharing it here instead)