From XRP to RLUSD: Ripple's financial revolution, is the $1 mark just the beginning?
Ripple is planning to launch their highly anticipated stablecoin RLUSD, which is big news! Although this new coin is still being closely watched by the US Securities and Exchange Commission, Ripple's entry into the stablecoin world this time is really bold.
The launch of RLUSD has many benefits for Ripple. First of all, it can help Ripple simplify cross-border payments and make money run faster and smoother around the world. Moreover, this stablecoin may also allow more people to know about Ripple and use Ripple, so that the price of XRP may soar.
Ripple's boss Brad Garlinghouse also said that RLUSD can make Ripple stand more firmly in the institutional and decentralized financial DeFi circles, and bring traditional finance and DeFi closer. He also said that RLUSD will be supported by reliable things such as US dollars and US government bonds, and there will be third-party inspections every month to reassure everyone.
Now, everyone is guessing whether the price of XRP will go all the way to $1 after RLUSD comes out. Although the market is always changing, the stability of RLUSD and Ripple's efforts have indeed added a lot of points to the price of XRP. Especially if Ripple wins the lawsuit against the US Securities and Exchange Commission, the price of XRP may really soar.
Some experts predict that by 2025, the price of XRP may reach $1 or even higher. So, let's wait and see whether Ripple and RLUSD can really create miracles!
For dry goods in the currency circle, click on the avatar to follow me, the deployment of 100-fold potential coins in the bull market, and daily spot strategy enjoyment!
