In a video circulating on social media, Ripple CEO Brad Garlinghouse made noteworthy comments regarding the stablecoin market, particularly highlighting the potential future of Tether (USDT) and the opportunities it might create for Ripple’s RLUSD stablecoin.
Garlinghouse’s remarks have generated significant attention, especially from crypto enthusiasts like Amelie, a prominent influencer, who linked his comments to the broader potential of RLUSD within the XRP ecosystem.
WOW! 💥
BRAD GARLINGHOUSE: „TETHER MIGHT CONTINUE TO GROW, BUT I DOUBT IT WILL HAVE THE SAME MARKET SHARE IN TWO YEARS!“
„THAT‘LL BE BENEFICIAL FOR RLUSD?“ „YEAH!“
‚RLUSD‘ WILL DO FOR #XRP WHAT USDT DID FOR BITCOIN! 💰 pic.twitter.com/pHUsnrbqEf
— 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) December 11, 2024
Garlinghouse expressed skepticism about Tether’s ability to maintain its market share over the next two years, even if its overall market size continues to grow. He emphasized the importance of bringing more liquidity on-chain and increasing liquidity within the XRP Ledger (XRPL) ecosystem. These moves, he noted, would benefit the XRP community as a whole.
Garlinghouse also addressed the potential impact of upcoming stablecoin regulations in the United States, drawing parallels to the regulatory landscape in the European Union. He suggested that legislative changes could disrupt Tether’s dominance in the market.
“I think it would be beneficial for all stablecoins that are compliance first, that take a regulatory front-foot approach,” he stated, adding that RLUSD represents one such example of a compliant stablecoin likely to thrive in a regulated environment.
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Regulatory Progress and RLUSD’s Future Prospects
Garlinghouse’s comments come at a time when Ripple has achieved a significant regulatory milestone. This week, Ripple received final approval for RLUSD from the New York Department of Financial Services (NYDFS). The approval paves the way for RLUSD to be listed on exchanges and integrated with Ripple’s partners.
Garlinghouse confirmed the development via Twitter, noting that further updates on RLUSD’s launch and deployment would be shared through official Ripple channels. This regulatory approval places RLUSD in a strong position to capitalize on the evolving stablecoin market, particularly as global and domestic regulatory frameworks continue to shape the industry.
The Role of RLUSD in the XRP Ecosystem
RLUSD is expected to play a pivotal role in enhancing the liquidity and utility of the XRPL.
In the tweet, Amelie compared RLUSD’s potential impact on XRP to how Tether (USDT) has supported Bitcoin’s liquidity and adoption.
By providing a regulated and compliant stablecoin option, RLUSD aims to attract institutional and retail users seeking stability and transparency in digital transactions.
As stablecoin legislation takes shape in the U.S., compliance-focused offerings like RLUSD could gain a competitive edge. This aligns with Garlinghouse’s broader vision of positioning Ripple as a leader in regulated financial technology.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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