• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Restrictions on RLUSD Use and Why Cryptocurrencies Like XRP Matter

user avatar

by Giorgi Kostiuk

a year ago


Recent discussions in the crypto community have highlighted RLUSD's role and limitations, and the importance of decentralized cryptocurrencies.

Limitations on RLUSD

RLUSD has extensive terms of service, including strict restrictions on its use. According to the agreement, RLUSD cannot be used for transactions involving regulated products such as marijuana, tobacco, or firearms, nor for adult content, pseudo-pharmaceuticals, or any high-risk businesses. Ripple can suspend or terminate RLUSD use if these terms are violated, leading to fund freezes. These restrictions highlight the centralized control over stablecoins, unlike decentralized cryptocurrencies like XRP.

Why Cryptocurrencies Matter

Analysts note that while stablecoins are useful for price stability, they lack the censorship resistance and permissionless attributes found in cryptocurrencies. Cryptocurrencies like XRP offer a decentralized alternative, enabling transactions without the risk of account freezes or usage restrictions. This is crucial in contexts where financial freedom and resistance to censorship are paramount.

Conclusion

The role and limitations of RLUSD underscore the need for decentralized cryptocurrencies. In a world where freedom of speech is threatened, such assets play a crucial role in providing autonomy to users.

The significance of cryptocurrencies is growing, particularly where centralized systems constrain user freedom.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Analyst Highlights Disconnect in ONDO's Market Conditions

chest

Analyst Sarosh discusses the disparity between ONDO's price action and its underlying infrastructure development.

user avatarFilippo Romano

ONDO's Price Stagnation Attributed to Macro Constraints

chest

Analyst Sarosh attributes ONDO's price stagnation to macroeconomic constraints affecting the crypto market over the past 18 months, including liquidity stress and tariff policy uncertainty. He believes improving liquidity conditions could positively impact ONDO's price as we move into 2026.

user avatarRajesh Kumar

Institutional Participation in ONDO Grows Amidst Market Challenges

chest

Analyst Sarosh highlights significant institutional participation in ONDO, especially during the Ondo Summit with major entities like Citi, JPMorgan, and Goldman Sachs, indicating a strong foundation for future growth despite market challenges.

user avatarLucas Weissmann

Aztec Network Launches AZTEC Token Sale via Uniswap's Continuous Clearing Auction

chest

Aztec Network has successfully launched its AZTEC token through Uniswap's Continuous Clearing Auction, marking a significant shift in token sales methodology.

user avatarTomas Novak

Bybit Partners with Circle to Enhance USDC Integration

chest

Bybit has formed a strategic partnership with Circle to improve the use of USDC across its trading and payment platforms.

user avatarEmily Carter

Matrix AI Network Advances Large Language Model Development

chest

In 2023, the Matrix AI Network has made significant progress in optimizing the Morpheus model as the foundational large language model for AI Agents.

user avatarMaya Lundqvist

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.