GENIUS Act Is The Catalyst For XRP And RLUSD’s Dominance, Expert Declares
The post GENIUS Act Is The Catalyst For XRP And RLUSD’s Dominance, Expert Declares appeared on BitcoinEthereumNews.com. In the wake of Donald Trump signing the GENIUS Act into law, Black Swan Capitalist co-founder Versan Aljarrah has tipped RLUSD to become the US Treasury’s vehicle to globalize the digital dollar. Aljarrah theorizes that RLUSD and XRP will topple Tether’s USDT in the coming months while highlighting XRPL’s broadening use cases in finance. GENIUS Act To Power The Rise Of RLUSD and XRP According to an X post, Versan Aljarrah is forecasting seismic changes to the stablecoin landscape triggered by the newly minted GENIUS Act. Right off the bat, Aljarrah opines that the stablecoin regulation provides a window for the US Treasury to adopt Ripple’s stablecoin, RLUSD, as the primary tool to advance a digital dollar, cementing the greenback as the global reserve currency. The Black Swan Capitalist co-founder points to RLUSD’s regulatory compliance in line with the GENIUS Act. He notes that the Ripple stablecoin is “fully compliant” and fully backed by the US dollar, US treasury bills, and other cash equivalents. Apart from its compliance with the GENIUS Act, Aljarrah states that the XRP Ledger will also play a key role in RLUSD’s incoming dominance in the space. He argues that the XRP Ledger’s liquidity layer provides a neutral and trustless settlement layer required for global commerce. “By tokenizing U.S. debt and integrating it with XRP’s liquidity layer, RLUSD can enable real-time, cross-border settlements,” said Aljarrah. “This is how value moves globally in a post-SWIFT world.” Following the passage of the GENIUS Act by the US House of Representatives, President Trump signed the bill into law, introducing a robust stablecoin regulation in the US. Tether’s USDT To Lose Its Top Spot Aljarrah is predicting Tether’s dominance over the stablecoin landscape to dwindle in the coming months. The co-founder argues that the GENIUS Act will increase audits and…
The post GENIUS Act Is The Catalyst For XRP And RLUSD’s Dominance, Expert Declares appeared on BitcoinEthereumNews.com.
In the wake of Donald Trump signing the GENIUS Act into law, Black Swan Capitalist co-founder Versan Aljarrah has tipped RLUSD to become the US Treasury’s vehicle to globalize the digital dollar. Aljarrah theorizes that RLUSD and XRP will topple Tether’s USDT in the coming months while highlighting XRPL’s broadening use cases in finance. GENIUS Act To Power The Rise Of RLUSD and XRP According to an X post, Versan Aljarrah is forecasting seismic changes to the stablecoin landscape triggered by the newly minted GENIUS Act. Right off the bat, Aljarrah opines that the stablecoin regulation provides a window for the US Treasury to adopt Ripple’s stablecoin, RLUSD, as the primary tool to advance a digital dollar, cementing the greenback as the global reserve currency. The Black Swan Capitalist co-founder points to RLUSD’s regulatory compliance in line with the GENIUS Act. He notes that the Ripple stablecoin is “fully compliant” and fully backed by the US dollar, US treasury bills, and other cash equivalents. Apart from its compliance with the GENIUS Act, Aljarrah states that the XRP Ledger will also play a key role in RLUSD’s incoming dominance in the space. He argues that the XRP Ledger’s liquidity layer provides a neutral and trustless settlement layer required for global commerce. “By tokenizing U.S. debt and integrating it with XRP’s liquidity layer, RLUSD can enable real-time, cross-border settlements,” said Aljarrah. “This is how value moves globally in a post-SWIFT world.” Following the passage of the GENIUS Act by the US House of Representatives, President Trump signed the bill into law, introducing a robust stablecoin regulation in the US. Tether’s USDT To Lose Its Top Spot Aljarrah is predicting Tether’s dominance over the stablecoin landscape to dwindle in the coming months. The co-founder argues that the GENIUS Act will increase audits and…
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