Ripple’s RLUSD Is Not A Threat To XRP’s Future, Here’s Why
Following the announcement of Ripple's stablecoin, RLUSD, rumors spread that XRP would become less useful. However, crypto analyst XFinanceBull refuted these claims, explaining that RLUSD is designed to complement, not replace, XRP. He emphasized that both assets serve distinct roles within the XRP Ledger (XRPL) ecosystem.
RLUSD is expected to attract significant capital and liquidity to the XRPL, which will structurally benefit XRP. Increased stablecoin trading activity creates more payment routes and leads to more XRP being burned. Additionally, XRP acts as a bridge currency in trades involving RLUSD, indirectly driving demand for the asset.
Ripple’s former CTO, David Schwartz, further clarified that RLUSD brings more credible assets to the ledger, expanding use cases and developer opportunities. The auto-bridging feature on the XRPL DEX uses XRP to facilitate efficient trades between different currencies, meaning growing RLUSD adoption reinforces demand for XRP. Despite short-term declines, XRP’s utility is strengthened by real transaction flows, not diminished by the stablecoin’s introduction.
bitcoinist01/22 17:32