According to Odaily, Georgios Vlachos, co-founder of the open-source interoperability platform Axelar, has indicated that Ripple's forthcoming RLUSD stablecoin could significantly increase the demand for XRP by 2025. Axelar serves as a standard bridge connecting the XRP Ledger with the XRPL EVM chain and 69 other blockchains.
Vlachos highlighted that stablecoins are widely used by many users, including those in emerging economies, as a means of transaction and value storage. The RLUSD transactions and remittances are expected to be primarily settled on the XRP Ledger (XRPL) and the XRP-EVM sidechain. This settlement process is anticipated to drive up the demand for XRP. Vlachos explained that during these transfers, XRP is required to pay gas fees, which benefits XRP holders as a portion of XRP is destroyed with each transaction.
