XRP Still Powers Ripple Despite RLUSD Launch
2025-07-04 10:59:09
Main Idea
Ripple's new stablecoin, RLUSD, is designed to complement XRP by providing stability, while XRP remains central to the ecosystem, especially with the launch of the XRPL EVM Sidechain.
Key Points
1. RLUSD is not a replacement for XRP but acts as a stable fiat bridge to mitigate XRP's price volatility.
2. RLUSD is regulated by the New York Department of Financial Services and is being integrated by institutions like Amina Bank.
3. Ripple is expanding into the financial system, with a federal banking charter application and a subsidiary holding a Fed master account.
4. The XRPL EVM Sidechain uses XRP as its gas token, linking XRP directly to the growing ecosystem.
5. XRP's usage is expected to grow with Ripple's investments in ecosystem development, including the EVM Sidechain.
Description
The post XRP Still Powers Ripple Despite RLUSD Launch appeared first on Coinpedia Fintech News Crypto analyst Jungle Inc. recently shared his insights on Ripple’s new stablecoin, RLUSD, and its connection to XRP. He clarifies that RLUSD is not here to replace XRP but to complement it, offering new functionality for institutions, while XRP remains central to the ecosystem. RLUSD: A Stable Fiat Bridge, Not a Replacement for XRP According to him, RLUSD is not a replacement for XRP. It’s designed to...
Latest News
- CZ Slams Binance Reserve Allegations: “Check the History Properly”2025-07-04 12:18:39
- Chainlink Investors Diversify: Bitcoin Solaris Presale Promises Bitcoin-Level Returns with 10,000 TPS Technology2025-07-04 12:03:47
- Shiba Inu Community Burns Over 1.3B SHIB in a Week, Yet Price Fail To Surge2025-07-04 12:02:48
- Dogecoin Price Prediction for July 2025—DOGE Price Strengthens Case for a Move to $0.252025-07-04 11:32:27
- SIFMA Urges SEC To Establish Clarity on Crypto Regulatory Approach2025-07-04 11:30:54