Today the stablecoin $rlusd pegged to $xrp will be launched
In this post, I will explain to you my point of view why $XRP is not comparable to any currency in the market.
This analysis should not be used for speculation or to create FOMO, but rather as a long-term view.
RLUSD idea summary:
Ripple has announced the launch of a new stablecoin called RLUSD.
Its value is equivalent to the dollar, meaning that each unit of currency has a bank reserve equivalent to $1, which gives it greater confidence.
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What could happen to $xrp is just an analysis not based on news
Ripple may provide a large portion of the $XRP currency to be used as a bank reserve to ensure the stability of its stable currency price, and thus the supply of the currency for trading will be reduced, thus increasing the demand for $XRP more in exchange for the shortage in supply, which increases its price (in the long run ✋️)
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Why is RLUSD important?
It will help in:
International Payments: Facilitates the transfer of money quickly and at low cost.
Providing liquidity: Large banks and companies will use RLUSD instead of traditional, expensive methods
Especially since the currency received official approval in America.
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What will happen to XRP?
When a large amount of XRP is locked:
The quantity available in the market is decreasing.
This may increase the value of XRP over time due to low supply and increased demand.
At the same time, using RLUSD will support the XRP network and increase the confidence of both individuals and institutions in it.
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Expected future:
This plan could make Ripple reach a historic market cap that will rival the largest companies listed on the US stock exchange one day.
Especially as global regulations evolve, banks and investment funds will begin to adopt cryptocurrencies more.
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In short: Ripple is issuing a stablecoin called RLUSD, which is expected to be backed by a massive amount of XRP as a guarantee of its stability. This reduces the supply of XRP, which could increase its price in the long run, and makes Ripple a major player in global payments.