Ripple has already launched its stablecoin RLUSD and the market has not taken long to react, supporting the value of the XRP token and creating good expectations for this platform.
The recent launch of the new stablecoin RLUSD has shaken up the market, driving a notable surge in the price of XRP, the native digital token of the Ripple platform. This event not only highlights Ripple’s growing relevance in the digital asset space but also anticipates a promising future in the expansion of its DeFi ecosystem and institutional finances swooping into the digital asset world.
A look at the new stablecoin RLUSD
RLUSD, Ripple's new stablecoin, is the proposal to respond to a digital world that is increasingly tokenized and interconnected by digital assets. For this reason, Ripple has decided to use all its expertise in the world of digital and traditional finance to launch a stablecoin that is backed by deposits in US dollars, US government bonds, and other cash equivalents, ensuring its stability and reliability.
This strong backing is crucial for the mass adoption of cryptocurrencies as it provides users with a less volatile option for transacting and storing value. Furthermore, Ripple’s decision to launch its own stablecoin under New York regulation (NYDFS) highlights its commitment to transparency and security, which is essential to gaining the trust of users and institutions.
And it is precisely here where another of Ripple's strong points stands out, as RLUSD has a top-level advisory board. Among them, the presence of Raghuram Rajan, former governor of the Reserve Bank of India, and Kenneth Montgomery, former vice president of the Federal Reserve Bank of Boston, stands out. Two names that speak to us of the high level of said board and the extensive experience of its members. In addition to these, figures such as Sheila Bair, former president of the FDIC, and David Puth, former CEO of the CENTRE Consortium, are also part of the board and provide a valuable perspective to the project, in addition to transmitting greater confidence.
XRP on the rise
And because of this positive impression, the launch of RLUSD did not go unnoticed in the market. In response, the price of XRP experienced a notable increase in its price. An increase that reflects the confidence of investors in Ripple’s strategy and in the potential of RLUSD to strengthen its XRP Ledger ecosystem.
In fact, according to recent data, the price of XRP has increased by 11,5% in the last 48 hours, reaching $2,71, although the token is currently trading at around $2,59. This increase is a testament to the interest that both the RLUSD stablecoin is generating and its impact on the XRP cryptocurrency.
So the connection between RLUSD and XRP is clear: The new stablecoin could cement XRP’s role as a core digital asset in the world of decentralized finance. This development reinforces Ripple’s vision of being a key player in the digital payments and transactions landscape.
Ripple looks to expand its horizons in 2025
After all, RLUSD is designed to bridge the world of traditional finance with that of digital assets, as a stablecoin backed by US dollars and government bonds, it offers the same stability as traditional fiat currencies. Thus, the possibility of using it for cross-border payments and remittances shows its potential to facilitate faster and more efficient international transactions, which is critical for the global economy.
Furthermore, integration with DeFi protocols opens up a world of possibilities for institutions and users looking for decentralized financial services without relying on traditional intermediaries. This combination of stability and flexibility makes RLUSD a key piece in the evolution of digital finance. While XRP Ledger needs to improve in this sector, as the few existing DeFi protocols still have a very small TVL (about $70 million, according to data from DeFillama), the potential of the sector is enormous, especially due to the regulatory integration that governs this ecosystem, something that fits perfectly with the deployment of RWA (Real World Assets) tokenization platforms that are booming and growing at this time.
On the other hand, the launch of RLUSD benefits not only Ripple but also the entire XRP Ledger ecosystem. This new stablecoin attracts more users and institutions to the ecosystem, which in turn drives the demand for XRP. This synergistic effect strengthens XRP’s position as a top-class digital asset and paves the way for future innovations in the blockchain space.
In short, the launch of RLUSD is a clear sign that Ripple is consolidating its position in the market, and laying the foundations to become a relevant player in building a more efficient and accessible DeFi ecosystem.
