Today the stable currency $rlusd linked to $XRP will be launched.
This analysis is used as a long-term view ✍️
Summary of the idea of RLUSD:
Ripple announced the issuance of a new stable currency called RLUSD.
Its value is equivalent to the dollar, meaning that each unit of the currency has a bank reserve equivalent to $1, which gives it greater confidence
------
What could happen to $xrp, which is just an analysis and not based on news
Ripple may provide a large portion of $XRP to use 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 a shortage in supply, which increases its price (in the long run ✋️)
--
. Why is RLUSD important?
It will help in:
International payments: Facilitates the transfer of funds quickly and at a low cost.
Providing liquidity: Banks and large companies will use RLUSD instead of traditional expensive methods
Especially since the currency has received official approvals in America
---
. What will happen to XRP?
When a large amount of XRP is locked:
The amount available in the market decreases.
This may increase the value of XRP over time due to the lack of supply and the increase in demand.
At the same time, the use of RLUSD will support the XRP network and increase confidence in it from both individuals and institutions.
---
Expected future:
This plan may make Ripple reach a historic market cap that will compete with the largest companies listed on the US stock exchange one day
Especially with the development of global regulations, banks and investment funds will begin to adopt digital currencies more.
---
In short: Ripple issues a stable currency called RLUSD, expected to be supported by a huge amount of XRP to guarantee 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.
