š Axelar Co-founder Says RLUSD Stablecoin Could Boost XRP Demand
As XRP continues to rally amid political tailwinds and ecosystem developments, the upcoming RLUSD stablecoin is projected to drive XRP demand in 2025.
According to CoinTelegraph, Georgios Vlachos, co-founder of Axelarāa decentralized interoperability platform connecting the XRP Ledger (XRPL), XRPL EVM chain, and over 69 blockchainsāshared that RLUSD's launch will play a key role in bolstering XRPās use case.
Vlachos highlighted that stablecoins are increasingly used as mediums of exchange and stores of value, especially in emerging economies. He explained that RLUSD transactions and remittances will primarily rely on the XRP Ledger and XRP-EVM sidechains, which could significantly increase demand for XRP.
Speaking to CoinTelegraph, Vlachos said:
"When processing these transactions, gas fees will be paid in XRP. This benefits XRP holders since a portion of XRP is burned with every transaction."
For context, XRP's max supply is capped at 100 billion tokens, with around 57 billion currently circulating, according to CoinMarketCap.
XRP recently hit a 7-year high of $2.90 on December 3, 2024, driven by strong momentum. However, after the Relative Strength Index (RSI) reached an overbought level of 95, the price corrected to its current level. Despite the pullback, XRP remains a focal point for investors heading into 2025.
As of 11:40 AM on December 16, XRP is trading at $2.42, down 0.46% over the past 24 hours on CoinMarketCap.
Adding fuel to the fire, XRPās historic rally was bolstered by Donald Trump's victory in the November 5 presidential election. His pro-crypto stance and expectations of a regulatory environment favorable to the U.S. crypto industry have driven broader market optimism.
On December 1, XRP overtook Solana in market cap, securing its position as the fourth-largest cryptocurrency.
š” Keep an eye on RLUSD and XRP heading into 2025āitās looking like this synergy might make serious waves in the crypto space! š
