The U.S. Congress has officially passed the GENIUS Act, introducing clear regulations for stablecoins, potentially leading to increased use of RLUSD and a rise in XRP prices.
New Rules for the Stablecoin Market
The stablecoin market is currently valued at $261.5 billion, with major players including:
* Tether (USDT) – $155.4B * USD Coin (USDC) – $61.4B * USDS, BSC-USD, USDE, DAI – other leading contenders.
Passed by a 68-30 vote, the GENIUS Act sets new standards for audits, reserves, and licensing, bringing an end to the uncertainty surrounding stablecoins.
Trust and Transparency with the GENIUS Act
Before the GENIUS Act, stablecoins faced regulatory uncertainty, hindering their institutional adoption. The new law requires:
* Full reserve backing * Independent audits * Strict licensing.
This means stablecoin issuers must prove adequate asset backing, restoring trust among the public and institutional investors.
The Impact of RLUSD on XRP: New Opportunities
According to crypto expert SMQKE, RLUSD is designed with GENIUS compliance in mind, opening opportunities for:
* Banks * Asset managers * Global corporations.
Moreover, every RLUSD transaction burns a small amount of XRP, reducing its supply over time. Growing demand in economic terms often leads to higher prices for the asset.
The passing of the GENIUS Act represents a significant step for RLUSD, institutional adoption, and XRP holders. As stablecoin regulations become clearer, the role of XRP Ledger in the realm of digital finance continues to expand.
