XRP community commentator Levi Rietveld recently shared key insights that support a bullish outlook on XRP, particularly emphasizing Ripple’s RLUSD stablecoin and its potential for bank integration.
Ripple has continued to make waves in the financial sector, drawing increased attention due to the company’s development of the RLUSD stablecoin. As Ripple’s stablecoin project moves closer to launch, the community speculates about its potential use cases and impact on global finance.
A
recent commentary
by Rietveld highlighted critical aspects of Ripple’s RLUSD stablecoin and its anticipated integration with banking systems.
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RLUSD Stablecoin and Bank Integration
According to Rietveld, the RLUSD stablecoin is expected to play a significant role in banking and financial systems. Unlike existing stablecoins such as USDT and USDC, RLUSD is designed with banks in mind, offering compatibility with existing financial infrastructure.
Ripple has reportedly created systems to facilitate banks’ use of RLUSD, positioning the stablecoin as a practical tool for institutions seeking to incorporate digital currencies. Rietveld sees these developments as a bullish factor for XRP, especially considering that RLUSD is launching on the XRP Ledger this year.
Notably,
Ripple’s
efforts have also extended to forging partnerships with financial institutions in Japan and South Korea. These engagements highlight the growing interest in using the XRP Ledger (XRPL) and RLUSD for cross-border payments.
Rietveld argued that the stablecoin’s integration could replace traditional systems like SWIFT, potentially redirecting trillions of dollars in transaction volume through the XRPL.
This emerging role positions RLUSD and XRP as potential disruptors in global finance, especially as more institutions explore blockchain-based payment solutions.
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Recognition and Market Impact
Rietveld also notes that Ripple’s initiatives have not gone unnoticed by global financial bodies. Notably, the International Monetary Fund (IMF) and the World Bank
have recognized Ripple and XRP
as leading solutions for cross-border transactions.
Overall, Rietveld’s analysis indicates that XRP could see a significant price increase as large-scale transactions involving RLUSD become more common.
He believes that the integration of XRP and the stablecoin into banking systems will drive up XRP’s market value significantly, suggesting that XRP could reach $10 within the next 12 months.
Beta Testing and Community Reactions
Ripple’s ongoing testing of RLUSD has also attracted attention, particularly after the latest
issuance of 485 RLUSD
tokens on September 24. This issuance increased the stablecoin’s total supply to 563 tokens, drawing significant interest within the XRPL community.
According to Vet, an XRPL dUNL Validator, discussions emerged about whether the rising presence of RLUSD could enhance XRP liquidity on decentralized exchanges.
However, Vet clarified that RLUSD’s transaction fees are minimal and primarily designed to prevent spam. Yet, the stablecoin’s on-chain activity could still enhance overall liquidity for XRP and other assets.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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