Ripple's new stablecoin RLUSD got final approval from New York regulators. The speaker argues it will pump XRP by adding liquidity to the ledger and expanding across Hedera, Tron, Solana, and Cardano. He sets a $5 price target for XRP.
The official Ripple stablecoin, RLUSD, is coming very soon to the XRP Ledger. They just got their final approval from the NYDFS, and here's everything you need to know about why this is actually bullish for XRP, because that's what we care about. RLUSD is $1 forever. It doesn't move. It is a stablecoin. On the other hand, you have the XRP asset, which can increase in value, and we want to see it go to $5 and beyond. Here's a few things. Brad Garlinghouse himself, the Ripple CEO, says RLUSD helps the overall XRP Ledger ecosystem because it adds liquidity on the ledger. So now when you take profits on your XRP, you can take them into the Ripple stablecoin perfectly fine. Other thing that I said here is imagine that the Ripple stablecoin gets a contract on HBAR. Because you can have different stablecoins on top of different networks. So for example, in the future, maybe they get a contract on Hedera and RLUSD can be sent across the Hedera network. We also see Justin Sun, the creator of Tron, already asking to get a contract for Tron for RLUSD. So you'd be able to send the Ripple stablecoin across the Tron network. So all these partnerships are going to open up. Maybe we'll get RLUSD on Solana. Maybe we'll get it on Cardano, all these other networks. The other thing we had come out was the Uphold CEO, which Uphold is an exchange. They were one of the only exchanges that kept XRP listed throughout the lawsuit. Everyone else delisted them because they were scared. Uphold was not scared. She just said that you can have a pairing with RLUSD to anything. So we're going to have an RLUSD to Bitcoin pair, which means you can trade them back and forth. Uh, she even said we could have a pair to gold. So basically you can trade the Ripple US dollar against gold, which would be insane. As you can see on the regular market, Tether USDT has the most pairs against everything, right? And I think one of the original missions of XRP itself, the token, was to have pairings against all tokens. But I don't think the market adopted it correctly, and I think this is now their attempt at doing this. The other thing we have circulating is this video of David Schwartz, the CTO of Ripple. This is an old video. A lot of people are sharing this as if it's a new video right now. Because in this video, which is old, it's not about RLUSD, it's simply about stablecoins on the XRP Ledger. In this video, David shows you how his proposal could make it so that collateralized stablecoins are backed by XRP itself. And you can see that right here, which basically means if you bought a stablecoin, in this case they would have to buy the equal amount of XRP to back it. But that is not what's happening with RLUSD. Ultimately, extremely bullish. Let's go to $5.
