#XRP #RLUSD
XRP to $1000 and beyond in future?
Now that RLUSD stable coin licensed,
Could the XRP in escrow be used as reserves to mint RLUSD. If this happens what's the Implications about XRP prices?
If that happens! The maximum supply of XRP won't matter but the already Circulating Supply, in determining XRPs price.
XRPs in the escrow will be used as reserves to mint Ripple's stable coin called RLUSD. Then Use RLUSD to provide On-Demand Liquid to their partners.
For example today the Circulating Supply of XRP stands at around 57 Billion XRPs and if that scenario happened today, it would mean that there will only ever be 57 Billion XRPs in Circulation minus any future burns despite having a maximum supply of 100 Billion XRPS.
The price target of over $1000 per XRP and above becomes even much more realistic.
Watch that critically and pay close attention.
If XRPs price increases, Ripple will be able to mint more RLUSD coins and if it falls, Ripple will need to increase its cash reserves to balance its reserves. In this instance.
XRP will be used as cash equivalent because they initially said RLUSD stable coin shall be backed by cash and cash equivalents.
Don't forget the Crossborder Payments market which is in hundreds of trillions of dollars ($225 Trillion by 2030).
At only 1% market share, you can imagine the amount of money that can potentially flow into XRP as a bridge Currency.
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