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

Ripple shifts to RLUSD: Implications for XRP

user avatar

by Giorgi Kostiuk

9 months ago


Crypto Eri (@sentosumosaba) recently shared a clip from an X Space where the future of XRP was discussed in light of Ripple's decision to use RLUSD.

Introduction

Crypto Eri (@sentosumosaba), a prominent voice in the crypto world, shared a clip from an X Space where prominent crypto figures discussed XRP. The discussion featured Mr. Intuitive, Dark Horse, and Vet, a validator on the XRP Ledger (XRPL).

Ripple’s Strategic Shift

Ripple President Monica Long recently revealed that the RLUSD stablecoin would be primarily used for settlement purposes. This decision has led to speculation about whether Ripple is moving away from XRP. Mr. Intuitive and Dark Horse voiced their differing opinions on this matter. Dark Horse argued that Ripple had 'given up' on XRP, relegating it to a bridging token. Mr. Intuitive countered that the shift to RLUSD indicated a new strategic focus rather than a total shift from XRP. Traditionally, XRP has served as a bridging currency, especially in low-liquidity areas. Ripple has been selling XRP to enhance liquidity and improve cross-border transactions. The introduction of RLUSD offers a more stable medium for liquidity and payments, potentially complementing XRP’s role.

Conclusion

Currently, Ripple is balancing the use of both XRP and stablecoins to establish a more stable and efficient payment infrastructure. This strategic move aims to meet various market needs by ensuring liquidity through XRP and providing stable payment solutions via RLUSD.

Ripple continues to evolve its ecosystem by leveraging both XRP and RLUSD to enhance payment and liquidity efficiency and stability. Key insights from the crypto community highlight the necessity of this diversification.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Origin Protocol: New OGN Token Buyback Strategy

chest

Origin Protocol announces an OGN token buyback program directing all revenue towards supporting the initiative.

user avatarGiorgi Kostiuk

Solana (SOL) Rises to $161: Impact of ETF on Crypto Market

chest

SOL's price surged to $161 following ETF news. Analyzing the potential and implications of this rise.

user avatarGiorgi Kostiuk

GENIUS Act Approval Paves the Way for Stablecoin Regulation in the U.S.

chest

The U.S. Senate has approved the GENIUS Act, creating a legal framework for stablecoin regulation and integration into the financial system.

user avatarGiorgi Kostiuk

Merkley’s Amendment: Banning Cryptocurrency Profits for Officials

chest

Senator Jeff Merkley proposed an amendment banning public officials from profiting off cryptocurrencies, emphasizing ethics in public service.

user avatarGiorgi Kostiuk

XRP Shows Resilience Amid Inflation and Market Volatility

chest

Analysis of XRP's situation: resistance, investment flows, and the impact of legal factors.

user avatarGiorgi Kostiuk

Ending Double Taxation on Bitcoin Mining: Implications for the U.S. Crypto Market

chest

Michael Saylor and Senator Lummis propose tax reforms for Bitcoin miners in the U.S. that could enhance the competitiveness of the crypto sector.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

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.