GENIUS Act fuels Ripple’s rise – Breaking down the connection

Key Points

1. The GENIUS Act has been approved, marking a major milestone in U.S. crypto regulation and potentially benefiting Ripple's stablecoin RLUSD and XRP.

2. Versan Aljarrah predicts RLUSD could become the U.S. Treasury's preferred tool for globalizing the digital dollar, backed by Treasuries and cash, with potential for a future gold-backed version.

3. The GENIUS Act may enable RLUSD and XRP to challenge Tether's USDT dominance, especially as Ripple's blockchain gains institutional traction.

4. RLUSD is described as a compliant, institution-grade stablecoin backed 1:1 by dollar deposits and short-term U.S. Treasuries, facilitating real-time cross-border settlements.

5. The GENIUS Act is reshaping the digital asset space, boosting compliant stablecoins like RLUSD and fueling bullish sentiment around Ethereum, while Tether's USDT faces scrutiny over compliance.