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XRP Ledger implements key updates ahead of RLUSD launch
The #XRPLedger (XRPL) has announced the deployment of two significant updates as it prepares for the upcoming launch of the #Ripple stablecoin, #RLUSD . The recent amendments are now live on the mainnet. The amendments are aimed at transaction handling enhancement and improving overall functionality.
The #XRPLedger (XRPL) has announced the deployment of two significant updates as it prepares for the upcoming launch of the #Ripple stablecoin, #RLUSD . The recent amendments are now live on the mainnet. The amendments are aimed at transaction handling enhancement and improving overall functionality.
Ripple's RLUSD stablecoin has officially been listed on Coinbase, although it is currently not tradable. This listing marks a significant step for Ripple as it prepares for a broader release of its USD-pegged stablecoin, which is still in beta testing. The RLUSD aims to operate on both the XRP Ledger and Ethereum, enhancing Ripple's offerings in the competitive stablecoin market, projected to reach $2.8 trillion by 2028.
As Ripple continues to fine-tune its minting and burning mechanisms, the success of RLUSD will heavily depend on user trust and regulatory compliance. While initially likely restricted to institutional investors, this stablecoin could reshape the landscape of digital assets and cross-border payments.
#Ripple #RLUSD #Stablecoin #Crypto #Coinbase
As Ripple continues to fine-tune its minting and burning mechanisms, the success of RLUSD will heavily depend on user trust and regulatory compliance. While initially likely restricted to institutional investors, this stablecoin could reshape the landscape of digital assets and cross-border payments.
#Ripple #RLUSD #Stablecoin #Crypto #Coinbase
đš Ripple Mints Massive 350,000 RLUSD Stablecoins in 24 Hours! đ„đž
In a major development, Ripple has minted a staggering 350,000 RLUSD stablecoins within just 24 hours! đ This bold move highlights Rippleâs growing ambition in the stablecoin market and its efforts to expand its use cases in the crypto space. đ
đ Why is this important?
Stablecoins like RLUSD are pegged to real-world currencies, offering stability amidst the volatility of traditional crypto assets. đđŒRipple's aggressive minting of RLUSD signals a push toward making stablecoins a more integral part of the global financial ecosystem.
đ What does this mean for the market?
Increased liquidity and stablecoin adoption could pave the way for broader DeFi applications and real-world payments using crypto! đłđRippleâs strategic moves could also position it as a leader in the stablecoin sector, which is growing rapidly as more investors seek stability in the digital asset space. đ
This could be a game-changer for the crypto market!
#Ripple #StablecoinSafety #RLUSD #CryptoNews
In a major development, Ripple has minted a staggering 350,000 RLUSD stablecoins within just 24 hours! đ This bold move highlights Rippleâs growing ambition in the stablecoin market and its efforts to expand its use cases in the crypto space. đ
đ Why is this important?
Stablecoins like RLUSD are pegged to real-world currencies, offering stability amidst the volatility of traditional crypto assets. đđŒRipple's aggressive minting of RLUSD signals a push toward making stablecoins a more integral part of the global financial ecosystem.
đ What does this mean for the market?
Increased liquidity and stablecoin adoption could pave the way for broader DeFi applications and real-world payments using crypto! đłđRippleâs strategic moves could also position it as a leader in the stablecoin sector, which is growing rapidly as more investors seek stability in the digital asset space. đ
This could be a game-changer for the crypto market!
#Ripple #StablecoinSafety #RLUSD #CryptoNews
XRP Ledger Ships 2 Major Updates Ahead of RLUSD Launch
$XRP #Xrpđ„đ„ #RLUSD
XRP Ledger (XRPL) is undergoing many advancements. In the latest update, the protocol has shipped two major amendments with unique fixes and is expecting the launch of Ripple stablecoin RLUSD.
New XRP Ledger updates
As the dominant XRPL explorer XRPScan noted, the protocol has enabled "fixPreviousTxnID" and "fixEmptyDID" on the mainnet.
The fixPreviousTxnID amendment will directly address the updates of a ledger for transaction modifications. This is vital to properly construe the addition of changes in a dynamic AMM and Ledger dApp. This amendment bagged 28/35 consensus votes with a consensus reading of 88.57%.
The fixEmptyDID is crucial as it "adds an additional check to prevent empty DID ledger entries from being created." With optimal functionality, the core goal of XRP Ledger is for users and developers to easily flag an entry with empty transactions and make the necessary adjustments.
Over the past few months, XRP Ledger has released unique updates to address key network challenges. The fix for the XRP Ledger Full History Servers issue was recently merged in an official rippled release of the XRPLF Repository â rippled 2.2.3.
These upgrades are part of the evolution of XRPL and will greatly enhance the RLUSD launch ahead.
Ripple stablecoin â right pegs in right holes
To bolster the advances for its stablecoin, Ripple Developers is ensuring that the right pegs are placed in the right holes ahead of the RLUSD launch.
Thus far, Ripple has intensified its testing of the new token by minting and burning it on XRP Ledger and the Ethereum network. The timeline for the stablecoin launch remains unknown, but with the key trend around XRPL, the firm appears ready for the stablecoin.
With all functionalities in place, the RLUSD token will likely be getting the advanced capabilities for success right from launch.
XRP Ledger (XRPL) is undergoing many advancements. In the latest update, the protocol has shipped two major amendments with unique fixes and is expecting the launch of Ripple stablecoin RLUSD.
New XRP Ledger updates
As the dominant XRPL explorer XRPScan noted, the protocol has enabled "fixPreviousTxnID" and "fixEmptyDID" on the mainnet.
The fixPreviousTxnID amendment will directly address the updates of a ledger for transaction modifications. This is vital to properly construe the addition of changes in a dynamic AMM and Ledger dApp. This amendment bagged 28/35 consensus votes with a consensus reading of 88.57%.
The fixEmptyDID is crucial as it "adds an additional check to prevent empty DID ledger entries from being created." With optimal functionality, the core goal of XRP Ledger is for users and developers to easily flag an entry with empty transactions and make the necessary adjustments.
Over the past few months, XRP Ledger has released unique updates to address key network challenges. The fix for the XRP Ledger Full History Servers issue was recently merged in an official rippled release of the XRPLF Repository â rippled 2.2.3.
These upgrades are part of the evolution of XRPL and will greatly enhance the RLUSD launch ahead.
Ripple stablecoin â right pegs in right holes
To bolster the advances for its stablecoin, Ripple Developers is ensuring that the right pegs are placed in the right holes ahead of the RLUSD launch.
Thus far, Ripple has intensified its testing of the new token by minting and burning it on XRP Ledger and the Ethereum network. The timeline for the stablecoin launch remains unknown, but with the key trend around XRPL, the firm appears ready for the stablecoin.
With all functionalities in place, the RLUSD token will likely be getting the advanced capabilities for success right from launch.
đ $XRP to $1 Million? đ„ The crypto world is buzzing as Ripple gears up for the launch of RLUSD, a new stablecoin built on the XRP Ledger! While some remain skeptical, bold predictions are taking over social media.
đ The Million-Drop Theory suggests that if 1 RLUSD = $1 and ties to 1 XRP drop (smallest unit of XRP), we could see XRP hitting $1 million! đ
With Grayscale's XRP ETF, SEC clarity, and Ripple's banking partnerships, 2025 could be a game-changer! Is this the next crypto moonshot? đ
#XRP #RLUSD #CryptoNews #XRPCommunity #Binance
đ The Million-Drop Theory suggests that if 1 RLUSD = $1 and ties to 1 XRP drop (smallest unit of XRP), we could see XRP hitting $1 million! đ
With Grayscale's XRP ETF, SEC clarity, and Ripple's banking partnerships, 2025 could be a game-changer! Is this the next crypto moonshot? đ
#XRP #RLUSD #CryptoNews #XRPCommunity #Binance
đđ BREAKING đđ
Ripple Launches Major Token Series for 'RLUSD' Stablecoin Testing!
Ripple is stepping up its game, rolling out a new token series to test its RLUSD stablecoin. This bold move shows Ripple's dedication to enhancing its stablecoin ecosystem. Could this be a game-changer for the stablecoin market?
Source: CoinTĂŒrk
#Xrpđ„đ„ #XRPGoal #Rippleđ° $XRP #RLUSD
Ripple Launches Major Token Series for 'RLUSD' Stablecoin Testing!
Ripple is stepping up its game, rolling out a new token series to test its RLUSD stablecoin. This bold move shows Ripple's dedication to enhancing its stablecoin ecosystem. Could this be a game-changer for the stablecoin market?
Source: CoinTĂŒrk
#Xrpđ„đ„ #XRPGoal #Rippleđ° $XRP #RLUSD
Earlier vs NOW(MMRI pictures)
FED is IN the markets buying it all up! (IT TAKES VAST ANOUNTS OF FIAT TO MOVE THE MMRI DOWN)
- MMRI Daily Moves in DECIMALS in a Healthy market
#XRP_ETF #RLUSD #GrayscaleXRPTrust
- EXPECT MMRI TO FALL FURTHER
- TSUNAMI OF MONEY IS ABOUT TO GET INJECTED INTO RISKIER ASSETS LIKE YOU HAVE NEVER SEEN BEFORE!
- OFF THE TEL-LIE-VISION PUPPET NARRATIVES
$XRP
- THERE IS NO CRYPTO LIKE XRP WHEN IT COMES TO GAUGING RISK.
IT IS OFFICIALLY THE LESS RISKIEST CRYPTO AS OF NOW HAVING A POTENTIAL UPSIDE LIKE NO OTHER CRYPTO!
WHY?;
1. RIPPLE STABLECOIN RLUSD ANY DAY NOW.
2. GRAYSCALE XRP TRUST > ETF
3. COURT CASE ENDING âŠ
⊠TikToK âŠ
No other crypto has a better risk-reward than xrp as of now in the ENTIRE SPACE
$XLM
FED is IN the markets buying it all up! (IT TAKES VAST ANOUNTS OF FIAT TO MOVE THE MMRI DOWN)
- MMRI Daily Moves in DECIMALS in a Healthy market
#XRP_ETF #RLUSD #GrayscaleXRPTrust
- EXPECT MMRI TO FALL FURTHER
- TSUNAMI OF MONEY IS ABOUT TO GET INJECTED INTO RISKIER ASSETS LIKE YOU HAVE NEVER SEEN BEFORE!
- OFF THE TEL-LIE-VISION PUPPET NARRATIVES
$XRP
- THERE IS NO CRYPTO LIKE XRP WHEN IT COMES TO GAUGING RISK.
IT IS OFFICIALLY THE LESS RISKIEST CRYPTO AS OF NOW HAVING A POTENTIAL UPSIDE LIKE NO OTHER CRYPTO!
WHY?;
1. RIPPLE STABLECOIN RLUSD ANY DAY NOW.
2. GRAYSCALE XRP TRUST > ETF
3. COURT CASE ENDING âŠ
⊠TikToK âŠ
No other crypto has a better risk-reward than xrp as of now in the ENTIRE SPACE
$XLM
As I am writing this stock futures are SKYROCKETING.
(Record highs for stocks at the open if this continues).
#GrayscaleXRPTrust #XRP_ETF #RLUSD
DOW futures are higher by nearly 500 points
Gold, Silver, Crude, are higher.
Crypto higher.
ALL THAT HAS CHANGED IS THE PROMISE OF OCEANS OF EASY MONEY FROM THE FED STARTING NOW THROUGH 2025. (Massive currency devaluation and artificially suppressed rates buys A LOT of illusion).$XRP
(Record highs for stocks at the open if this continues).
#GrayscaleXRPTrust #XRP_ETF #RLUSD
DOW futures are higher by nearly 500 points
Gold, Silver, Crude, are higher.
Crypto higher.
ALL THAT HAS CHANGED IS THE PROMISE OF OCEANS OF EASY MONEY FROM THE FED STARTING NOW THROUGH 2025. (Massive currency devaluation and artificially suppressed rates buys A LOT of illusion).$XRP
Bitcoin's value is largely speculative, driven by the "digital gold" narrative, especially after its P2P payment system failed to scale. In contrast, XRP and the XRPL offer real-world utility, enabling fast, low-cost cross-border payments with clear adoption in financial systems. Global liquidity is what drives markets today, not the healthy expansion of businesses, and XRP directly addresses this need. Additionally, 5 of the 7 largest BTC mining pools are controlled by Chinese government-linked entities, raising centralization concerns, unlike XRP's decentralized ledger focused on solving real financial problems.
#GrayscaleXRPTrust $XRP #RLUSD #XRP_ETF
- LETS SEE IF THE GOLD NARRATIVES IS BECOMING A THING, JUST LIKE THE P2P NARRATIVES đ€
#GrayscaleXRPTrust $XRP #RLUSD #XRP_ETF
- LETS SEE IF THE GOLD NARRATIVES IS BECOMING A THING, JUST LIKE THE P2P NARRATIVES đ€
"Exclusive: Real Reason for Introducing RLUSD When We Have XRP!"
Ripple President Monica Long explains the dual role the forthcoming RLUSD stablecoin could play alongside XRP for developers and payment utilities.
Read more on: https://thecryptobasic.com/2024/06/26/ripple-president-explains-why-rlusd-when-xrp-is-already-available/
#XRPGoal #RLUSD #Crypto #CryptoNewsDaddy #CryptoNewsđđ„"
Read more on: https://thecryptobasic.com/2024/06/26/ripple-president-explains-why-rlusd-when-xrp-is-already-available/
#XRPGoal #RLUSD #Crypto #CryptoNewsDaddy #CryptoNewsđđ„"
"Ripple CEO Unveils RLUSD Launch Date"
Brad Garlinghouseâs speech on Wednesday reveals that the Ripple stablecoin RLUSD will launch in a few weeks rather than the longer expected duration.
Read more on: https://thecryptobasic.com/2024/09/05/ripple-ceo-reveals-timeline-for-rlusd-to-launch/
#RLUSD #Rippleđ° #Crypto #CryptoNewsDaddy #CryptoNewsđđ„"
Read more on: https://thecryptobasic.com/2024/09/05/ripple-ceo-reveals-timeline-for-rlusd-to-launch/
#RLUSD #Rippleđ° #Crypto #CryptoNewsDaddy #CryptoNewsđđ„"
Ripple Burns 185 RLUSD Tokens in Preparation for XRP Breakout to $1
đ Ripple has just completed a strategic token burn of 185 RLUSD tokens! This move reinforces Ripple's commitment to maintaining a stablecoin supply that supports its role in the market. Initially issued on August 22, RLUSD tokens are split between the XRP Ledger and Ethereum, showcasing Ripple's dedication to cross-chain interoperability. Each RLUSD token maintains a peg to the US dollar, ensuring stability in transactions.
Transparency is key for Ripple, with independent audits of RLUSD reserves planned monthly to enhance security and trust. Market response to these developments sees XRP trading around $0.5731, with analysts eyeing a potential rise above current resistance towards $1. Trading volumes have adjusted, down 32% to approximately $1.11 billion.
đ Stay updated on Ripple's strategic moves and market insights! #Rippleđ° #RLUSD #CryptoNewss #Xrpđ„đ„ #Stablecoins
đ Ripple has just completed a strategic token burn of 185 RLUSD tokens! This move reinforces Ripple's commitment to maintaining a stablecoin supply that supports its role in the market. Initially issued on August 22, RLUSD tokens are split between the XRP Ledger and Ethereum, showcasing Ripple's dedication to cross-chain interoperability. Each RLUSD token maintains a peg to the US dollar, ensuring stability in transactions.
Transparency is key for Ripple, with independent audits of RLUSD reserves planned monthly to enhance security and trust. Market response to these developments sees XRP trading around $0.5731, with analysts eyeing a potential rise above current resistance towards $1. Trading volumes have adjusted, down 32% to approximately $1.11 billion.
đ Stay updated on Ripple's strategic moves and market insights! #Rippleđ° #RLUSD #CryptoNewss #Xrpđ„đ„ #Stablecoins
đš @Ripple Network CEO Brad Garlinghouse, announced at Korea Blockchain Week that Ripple's USD-pegged stablecoin, $RLUSD, will launch "in weeks, not months."
The coin will be fully backed by U.S. dollars and available on both the XRP Ledger and Ethereum.
#Ripple #RippleStablecoin #RLUSD #TrendingTopic
The coin will be fully backed by U.S. dollars and available on both the XRP Ledger and Ethereum.
#Ripple #RippleStablecoin #RLUSD #TrendingTopic
Monitoring the MMRI: A Key to Predicting Market Fluctuations
In the financial world, understanding the movements of the Mannarino Market Risk Indicator (MMRI)** is crucial.
When the MMRI fluctuates slowly, it typically poses no significant concern.
However, exponential increasesâsuch as jumps of 10 basis points repeatedlyâsignal potential turbulence ahead.
Such rapid ascents can lead to substantial fluctuations in asset prices.
It's essential to keep a vigilant eye on the MMRI, akin to a hawk monitoring its prey.
The underlying components of the markets, which derive their value from the debt market, are not the primary focus.
Instead, their derived value emphasizes the importance of the debt market dynamics.
In essence, the MMRI provides critical insights that can preempt major market movements.
Historical Context: The US 10-Year Treasury yield tends to move incrementally and changes by a few basis points each day.
Historical Context: The US 10-Year Treasury yield tends to move incrementally and changes by a few basis points each day. A movement of 10 basis points in a single day can be considered relatively significant.
By closely monitoring this indicator, investors can better anticipate and navigate potential market disruptions.$XRP #GrayscaleXrpTrust #XRP_ETF #RLUSD $XLM
In the financial world, understanding the movements of the Mannarino Market Risk Indicator (MMRI)** is crucial.
When the MMRI fluctuates slowly, it typically poses no significant concern.
However, exponential increasesâsuch as jumps of 10 basis points repeatedlyâsignal potential turbulence ahead.
Such rapid ascents can lead to substantial fluctuations in asset prices.
It's essential to keep a vigilant eye on the MMRI, akin to a hawk monitoring its prey.
The underlying components of the markets, which derive their value from the debt market, are not the primary focus.
Instead, their derived value emphasizes the importance of the debt market dynamics.
In essence, the MMRI provides critical insights that can preempt major market movements.
Historical Context: The US 10-Year Treasury yield tends to move incrementally and changes by a few basis points each day.
Historical Context: The US 10-Year Treasury yield tends to move incrementally and changes by a few basis points each day. A movement of 10 basis points in a single day can be considered relatively significant.
By closely monitoring this indicator, investors can better anticipate and navigate potential market disruptions.$XRP #GrayscaleXrpTrust #XRP_ETF #RLUSD $XLM
XRP News: Will the SEC Appeal? đ
Despite the recent market downturn, $XRP holds steady around $0.55. Despite this, a variety of factors continue to influence its price:
đčSEC Appeal: Legal uncertainty remains, keeping investors cautious.
đčPartnerships: Ripple's expanding network in Asia hasnât moved the price yet.
đčRLUSD Stablecoin: Could this new launch drive market interest? Ripple CEO Brad Garlinghouse says it's a matter of weeks, not months!
đčMarket Conditions: Recent crashes in both stocks and crypto have made investors cautious.
With #Ripple laying the groundwork for future growth, is XRP in an accumulation phase, or are investors waiting for bigger catalysts?
#SEC #RLUSD #XRPnews
Despite the recent market downturn, $XRP holds steady around $0.55. Despite this, a variety of factors continue to influence its price:
đčSEC Appeal: Legal uncertainty remains, keeping investors cautious.
đčPartnerships: Ripple's expanding network in Asia hasnât moved the price yet.
đčRLUSD Stablecoin: Could this new launch drive market interest? Ripple CEO Brad Garlinghouse says it's a matter of weeks, not months!
đčMarket Conditions: Recent crashes in both stocks and crypto have made investors cautious.
With #Ripple laying the groundwork for future growth, is XRP in an accumulation phase, or are investors waiting for bigger catalysts?
#SEC #RLUSD #XRPnews
Markets; The Greatest Show On Earth.
Jim Cramer, the famed host of CNBC Mad Money, made this comment just last week. He said, âThe Stock Market Reflects the Strength of The Economy.â
The obvious reality of the situation is this⊠today more than any other time in the history of economics and finance, there has never been a greater disconnect between the economy and the stock market. OCEANS of debt and easy money policy for as far as the eye can see and beyond has created a Magic Trick, which has levitated the stock markets of the world to extraordinary heights.
Contrary to what Jim Cramer said, which was that the stock market reflects the strength of the economy, Jim knows that his statement is a con, which is the trademark of a politician.
Smoke and Mirrors.
The real tragedy of this xcon-job state of affairs, is the ever-increasing strain which it has put, and will continue to put, directly onto the backs of the middle class.
In order to maintain this market charade magic trick, and to keep it going moving forward, will demand that the middle class endure a much greater and disproportionate level of suffering.
Only two factors are REQUIRED to keep the disconnect between the stock market levitation act, and eCONomy going.
Number One. Much more debt.
Number Two. A weaker dollar.
MASSIVE AND INCREASING PRICE ACTION DISTORTIONS.
If we understand that âThe Show Must Go On,â then We the People in the know who are sadly witnessing an economic suicide and are powerless to stop it NEED TO CONTINUE TO STAY ON THE RIGHT SIDE of it OR be destroyed by it.
Below I have created a âchecklistâ of what you can expect moving forward.
1.     More easy money in the form of massively and artificially suppressed rates.
2.     A weaker dollar.
3.     A much higher stock market.
4.     Higher corporate profits.
5.     Wealth transfer on an even greater scale, right up to the one and two percenters.
6.     BITCOINMANIA.
7.     A more rapid move to CBDC (Central Bank Digital Currency).
8.     An even greater gap between the stock market and the economy.
9.     More xlies, xdeceptions, and xdistractions.
This âGreatest Showâ is also leading up to a devastating climax, an ending which will shock the world into a reality which We the People of the world are not prepared for.
#GrayscaleXRPTrust #XRP_ETF #RLUSD
$XLM
$ADA
The obvious reality of the situation is this⊠today more than any other time in the history of economics and finance, there has never been a greater disconnect between the economy and the stock market. OCEANS of debt and easy money policy for as far as the eye can see and beyond has created a Magic Trick, which has levitated the stock markets of the world to extraordinary heights.
Contrary to what Jim Cramer said, which was that the stock market reflects the strength of the economy, Jim knows that his statement is a con, which is the trademark of a politician.
Smoke and Mirrors.
The real tragedy of this xcon-job state of affairs, is the ever-increasing strain which it has put, and will continue to put, directly onto the backs of the middle class.
In order to maintain this market charade magic trick, and to keep it going moving forward, will demand that the middle class endure a much greater and disproportionate level of suffering.
Only two factors are REQUIRED to keep the disconnect between the stock market levitation act, and eCONomy going.
Number One. Much more debt.
Number Two. A weaker dollar.
MASSIVE AND INCREASING PRICE ACTION DISTORTIONS.
If we understand that âThe Show Must Go On,â then We the People in the know who are sadly witnessing an economic suicide and are powerless to stop it NEED TO CONTINUE TO STAY ON THE RIGHT SIDE of it OR be destroyed by it.
Below I have created a âchecklistâ of what you can expect moving forward.
1.     More easy money in the form of massively and artificially suppressed rates.
2.     A weaker dollar.
3.     A much higher stock market.
4.     Higher corporate profits.
5.     Wealth transfer on an even greater scale, right up to the one and two percenters.
6.     BITCOINMANIA.
7.     A more rapid move to CBDC (Central Bank Digital Currency).
8.     An even greater gap between the stock market and the economy.
9.     More xlies, xdeceptions, and xdistractions.
This âGreatest Showâ is also leading up to a devastating climax, an ending which will shock the world into a reality which We the People of the world are not prepared for.
#GrayscaleXRPTrust #XRP_ETF #RLUSD
$XLM
$ADA
đ Breaking Down RLUSD: Institutional or Retail Stablecoin?
There's been a lot of talk around RLUSDâRippleâs USD-backed stablecoinâso let's clear up the confusion on whether itâs strictly for institutions or if retail can use it too.
đ What is RLUSD?
RLUSD is Rippleâs stablecoin, primarily aimed at institutional use. However, like USDT, it will be available to retail traders through exchanges, even though it wonât be sold directly to them by Rippleâsimilar to how Tether works.
đĄ Wholesale or Retail?
Some argue RLUSD is a wholesale CBDC, but Rippleâs announcement indicated it would be part of regular payments. This makes it more likely a retail stablecoin, as institutions buy it and resell to retail, like other stablecoins.
đ Impact on XRP
RLUSD isnât expected to pump XRP directly, but it could boost activity on the XRP Ledger, potentially increasing attention to XRP. However, unlike ETH, XRP isnât burned to secure transactions.
đȘ Supply and Demand
Ripple will initially mint 1 billion RLUSD. If institutional demand exceeds this supply, theyâll mint more based on market needâkeeping the price stable at $1.
đ€ Challenges for RLUSD
A key issue is that CEXs might not aggressively promote RLUSD, as it doesnât offer much over existing stablecoins like USDT or USDC.
â ïž Remember: DYOR (Do Your Own Research) before making any financial decisions! đ
#RLUSD #XRPGoal #Rippleđ° #CryptoNewsđđ„ #stablecoin
There's been a lot of talk around RLUSDâRippleâs USD-backed stablecoinâso let's clear up the confusion on whether itâs strictly for institutions or if retail can use it too.
đ What is RLUSD?
RLUSD is Rippleâs stablecoin, primarily aimed at institutional use. However, like USDT, it will be available to retail traders through exchanges, even though it wonât be sold directly to them by Rippleâsimilar to how Tether works.
đĄ Wholesale or Retail?
Some argue RLUSD is a wholesale CBDC, but Rippleâs announcement indicated it would be part of regular payments. This makes it more likely a retail stablecoin, as institutions buy it and resell to retail, like other stablecoins.
đ Impact on XRP
RLUSD isnât expected to pump XRP directly, but it could boost activity on the XRP Ledger, potentially increasing attention to XRP. However, unlike ETH, XRP isnât burned to secure transactions.
đȘ Supply and Demand
Ripple will initially mint 1 billion RLUSD. If institutional demand exceeds this supply, theyâll mint more based on market needâkeeping the price stable at $1.
đ€ Challenges for RLUSD
A key issue is that CEXs might not aggressively promote RLUSD, as it doesnât offer much over existing stablecoins like USDT or USDC.
â ïž Remember: DYOR (Do Your Own Research) before making any financial decisions! đ
#RLUSD #XRPGoal #Rippleđ° #CryptoNewsđđ„ #stablecoin
