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? The Dinarian on Locals brings you the latest in news, interviews, in-depth conversations, and stories from across the blockchain and global communities—within and beyond cryptocurrency ?. Experts delve into how blockchain technology is reshaping industries, enhancing business networks ?, transforming transaction workflows, and advancing distributed ledger systems ??. We also explore intriguing topics that may venture into the realm of conspiracies—and so much more!
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The EU's Attack On Bitcoin Is An English And Math Comprehension Problem

The nomenclature used to help the layman understand Bitcoin makes lawmakers confuse it as money instead of entries in a database. We must change the terms.

A group of bitter, twisted computer illiterates in the beleaguered European Union have managed to convince the European Council that bitcoin is money, that Bitcoin wallets are actual wallets that hold actual balances of money and that they should be regulated. This is of course totally insane and an idea borne out of profound ignorance.

Since it is not possible to have a rational argument with people like this, another, better strategy of dealing with these violent types must be formulated and implemented. They’re fixated on the idea that bitcoin is money and, from the seed of this mistaken idea, a monstrous Pandora’s Box of evil has been opened.

“Bitcoin is not money. If you seek “compliance” you are asking for trouble.

People who want to see the widespread and rapid adoption of Bitcoin should not seek tight regulation and the blessing.” - Beautyon

In order to avoid the unethical attacks of the dribbling geriatrics in the United States and the delusional EU socialists, Bitcoin wallet software developers must devise a strategy to stay out of the crosshairs of the very misguided apparatchiks hell-bent on damaging Bitcoin businesses.

Every law that touches Bitcoin uses deceptive language as definition and pretext. These definitions come from ambulance chasers and not computer scientists or software developers. By re-contextualizing Bitcoin wallets, it will be possible to totally escape the onslaught of destruction being planned by the EU and U.S. legislators.

This is how you do it.

Bitcoin wallet developers, quite naturally, have centered on using the conventions of money to translate what is happening under the hood into something ordinary people can understand. There is no “coin management” or UTXO information displayed to users in the consumer grade Bitcoin wallets: BlueWallet, Wallet of Satoshi, Samourai, Pine, Phoenix, Muun; all of that is hidden away because it is of no use to consumers.

No normal person can deal with coin control, UTXOs or anything like that.
Instead, a set of familiar, easy to understand and simple conventions has been borrowed from the world of banking to make everything in Bitcoin understandable to normal people.

This is why Bitcoin wallets have taken on the appearance, nomenclature and styling of banking apps, which normally look something like these apps from Halifax and Lloyds respectively.

Bank apps from Lloyds and Halifax. Obviously bought off the shelf from the same developer.

Below is a picture of Coinbase’s phone app, which looks exactly like a bank app.

Coinbase phone app
Now Airbitz:

Airbitz dashboard

When a normal, ignorant, computer-illiterate person from the EU government looks at any Bitcoin app, they recognize it as a financial tool because it looks exactly like the financial apps they’re familiar with. As for what is going on under the hoods of these very different classes of tools, they have absolutely no clue.

They only see the surface and make all their judgements based on that alone.
This is why they reflexively conflate Bitcoin with money and think that the balance in a Bitcoin wallet is analogous to the fiat balance in a banking app.
“There is a lot of talk about using “Blockchains” to improve data integrity, but what all these solutions fail to address is what I call “The Flat Screen Dilemma”. Just because something is displayed on a screen, it does not follow that it is true.”- “The Flat Screen Dilemma”

The fact of the matter is very different, however. Bitcoin apps show you the total of the UTXOs that you have control over by virtue of you being in possession of the private key. That is a sum of UTXOs; it is not a single balance. Furthermore, that “money” is not on the device. What is on the user’s device is an app that stores a cryptographic key (a string of text) that allows you to sign messages for broadcast to the Bitcoin network. Bitcoin wallets do not contain or receive bitcoin. They simply tell you what your private key can sign for on the block chain.

By saying this, I am obviously simplifying the process. But the simplification I am presenting here is more accurate than saying a Bitcoin wallet “receives and stores bitcoin,” which never, ever happens and never has happened. It is also wrong to characterize a Bitcoin wallet as “unhosted” if it can sign a message on command of a user without reference to anyone else. There are no “wallets” in Bitcoin at all. It’s just another analogy.

Bitcoin is a database. It is not a “payment network” nor is value “sent” over it at all. There are no “wallets” either. Signed messages are what are sent to the network for inclusion in the public database. It is a database used to keep a record of who controls which outputs. It is not — and never has been — money in the conventional sense. Just because people use this database as money doesn’t mean that bitcoin is money. Just because people use the word “wallet” does not mean that there are actual “Bitcoin wallets” that hold bitcoin the way a leather wallet holds cash.

Using the word “wallet” for the sake of user experience is a convention to help make the primary function of tools understandable for users. Those conventions are a choice, not a rule and they are not a universal truth, either. That means that anyone can choose any convention or any analogy they want to compare what happens in their Bitcoin app. It is entirely possible that oil traders could use the block chain to denominate barrels of oil using barrels as measurement. Today, one barrel of oil is 0.0048 bitcoin/barrel. In an oil trader’s wallet this would be represented as “100” if the trader had one hundred barrels showing on his device as allocated to his private key in a UTXO.

In this scenario, which is totally plausible, no one would claim that “bitcoin is oil” — but maybe they would? Apparatchiks are completely insane and insane thinking is what you’d expect from them.

BlueWallet does nothing more than present the user with conventions users can understand. It is not an “unhosted wallet;” it is a block chain viewer and signing device. In no way, shape or form is a Bitcoin wallet on a mobile phone a “financial tool” of any kind. If very stupid people were to classify a signing device as a financial tool, then many other software tools would be captured by that insanity immediately. BlueWallet could pivot to the oil industry tomorrow and start calling itself “OilWallet.” The fact that people use bitcoin as money is irrelevant to bitcoin’s nature. They exchange it for goods and services and money while “OilWallet” is used to manage the exchange of barrels of oil. Common to all of this is Bitcoin is only a database; what you impute to it is up to you and has nothing to do with its fundamental nature.

WhatsApp uses exactly the same encryption techniques as Bitcoin does to authenticate users to each other. You have a pair of cryptographic keys that you use to encrypt, decrypt and sign messages so that the other person receiving your call or texts or pictures knows it came from you and could have only come from you. Users of WhatsApp are not exposed to how all of this works, in the same way that users of Bitcoin wallets are not shown the text of their private keys. The software takes care of all of that for the user and simply gives them information that is useful to them. In the case of WhatsApp, that useful information is text messages. In Bitcoin it is the sum of UTXOs that are associated with your private key that are written into the public database of the chain of blocks.

“So what is the answer?” I hear you bleating.

The answer is to call Bitcoin wallets “viewers” and “signers.”

If wallets were to rebrand as “bitcoin viewers,” to better reflect their function and distance themselves from the language of the financial industry, no one could argue that they are “financial tools” or “unhosted wallets.”

That is literally what all Bitcoin wallets do: they act as viewers or, to analogize, “Windows on the block chain,” showing you which outputs are controllable by you.

When you “send” bitcoin to someone (note how I put “send” in quotes, because bitcoin is never sent anywhere; it is not like money) you take their public key (what is called a “Bitcoin address”) and use your private key to sign a message granting control of those bitcoin to the recipient’s address.

Had the money convention been taken to the logical conclusion, Bitcoin addresses might have been called “Bitcoin account numbers.” This signing of a message has more in common with contracts than it does with money handling. This further breaks the absurd “Swiss bank account in your pocket” imagery. Sent, received, deposit, payment, account — all of these words must be abolished from Bitcoin wallet interfaces, the Bitcoin Lexicon and the overall nomenclature or the reckless, dangerous and very harmful conflation of bitcoin with money will continue.

When these messages are broadcast to be added to the public chain of blocks, either from your own full node, which is a copy of all the messages ever incorporated into the block chain, they are incorporated once the network of database administrators decide the addition should be made. “Database administrators” not “miners.” Are you starting to understand?
Mining is what companies do to extract precious metals from the earth. Precious metals like gold, which actually is money, unlike bitcoin. All of these analogies and the language from the financial world must be abolished from the lexicon of Bitcoin companies.

Once the message is accepted as legitimate by the network, your block chain viewer will be able to see that the signature you made has been added to the public record and the sum of your UTXOs will be smaller than they were before the message was sent. In the current wallet convention, this is expressed as a single number, sometimes juxtaposed with a conversion into fiat with the “approximately equal to” sign (≈). All of this is to help you understand but is not a reflection of what is really happening, or an absolute prerequisite or necessity.

Is “Liquid bitcoin” money?

There are already “watch-only” tools from Bitcoin companies like the great Samourai Wallet. Sentinel allows you to scan your keys and then whenever the chain of blocks is updated, it will show you the status of the UTXOs you control on the block chain.

By the bizarre, irrational and stupid thinking of the EU, Sentinel is an “unhosted financial services application” because it shows you a balance in bitcoin as a single number. If it is not a financial services application, why not? Are they going to claim that a tool that watches a database is a “wallet?” No one is asking these questions because they don’t understand how Bitcoin works at any level other than analogies.

Samourai Wallet Sentinel app

And don’t get me started on metal storage devices.

Is this an “unhosted Bitcoin wallet?” (Photo/Cryptosteel)
In the end, there is going to have to be a U.S. Supreme Court case to force the venal and stupid legislators to obey their oaths and stop interfering with the free speech of American software developers. Bitcoin is not money — it is speech — and no lawmaker can interfere with the speech of U.S. citizens. I explain more about this in “Why America Can’t Regulate Bitcoin”

Once this is settled by case law, the benefits for the U.S. will be enormous. All software developers working in Bitcoin will run to incorporate in the country and base their operations in Florida. No one anywhere in the EU will dare to start a Bitcoin wallet company because the ignorant apparatchiks there can’t tell the difference between a chat app and a Bitcoin app (pro tip: there is no difference).

When this happens, hundreds of billions of dollars from all over the world will flow through Bitcoin wallet companies being run from America, and those companies will be paying taxes in the U.S. The entire world’s financial infrastructure and tooling will come from America and flow through America for Uncle Sam to get his slice. America wins again.

Upon reading this, there will be many stupid people out there who will cry, “This is just semantics!” Those people don’t use Bitcoin wallets, don’t have any bitcoin, don’t run Bitcoin businesses of any kind and are as ignorant as the EU idiots and U.S. geriatrics who want to cripple Bitcoin.

When this goes to the U.S. Supreme Court, it will not be them paying the legal bill, though they will reap the world-changing benefits of software developers working with the Bitcoin database free of arbitrary, unethical and unconstitutional restrictions hampering their ability to display the UTXOs you can assign with your block chain viewer and signer.

https://www.zerohedge.com/crypto/eus-attack-bitcoin-english-and-math-comprehension-problem

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"The World Order That We Are Coming Into"

If XRP is the neutral bridge for all sovereign currencies, stablecoins, and tokenized assets, then it’s not just facilitating payments, it’s capturing all that value at every level. From smart contracts to tokenized treasuries and digitized assets, XRP forms the foundation and backbone for everything in between.

With cross-border payments representing a multi-trillion-dollar corridor, that’s where the largest capital will flow and the greatest returns will come from.

At this point, you’re the gatekeeper to the digital economy. Everything else follows or fades away once regulations take effect.

You either see it or you won’t until it’s too late.

~The Black Swan Capitalist

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Denelle Dixon (Stellar CEO) On Bloomburg 🚀

'Everyone, including Mastercard and Visa, is looking at how this technology can make finance easier for their consumers and their business. I don't think there is going to be a loser, but I do think there will be shake-ups. And ultimately, the consumer is going to win.' - SDF CEO @DenelleDixon on @BloombergTV

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We are minutes away from passing the GENIUS Act.
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👉 Coinbase just launched an AI agent for Crypto Trading

Custom AI assistants that print money in your sleep? 🔜

The future of Crypto x AI is about to go crazy.

👉 Here’s what you need to know:

💠 'Based Agent' enables creation of custom AI agents
💠 Users set up personalized agents in < 3 minutes
💠 Equipped w/ crypto wallet and on-chain functions
💠 Capable of completing trades, swaps, and staking
💠 Integrates with Coinbase’s SDK, OpenAI, & Replit

👉 What this means for the future of Crypto:

1. Open Access: Democratized access to advanced trading
2. Automated Txns: Complex trades + streamlined on-chain activity
3. AI Dominance: Est ~80% of crypto 👉txns done by AI agents by 2025

🚨 I personally wouldn't bet against Brian Armstrong and Jesse Pollak.

👉 Coinbase just launched an AI agent for Crypto Trading
📚 How to Liquid Stake XPRT and Add Liquidity to stkXPRT/XPRT Pool on Persistence DEX 📚

Dinarian Note: The tutorial shows you how to turn your XPRT into Liquid staked stkXPRT, which can then on top of being staked earn you extra yield via the pools on the Persistence DEX. Note: I put a list of the current pools available below. Check out the APR% on these 😉 This is what makes Defi so attractive to investors. Putting your money to work 101. Instead of just staking your XPRT for 16%, you can put it in a pool and make upwards of 50% or more. Note: These values constantly fluctuate. Even if you don't want to partake in this, it's good practice and extremely good to know! This will be invaluable once your a multi-millionaire, unless you plan on keeping your funds in a criminal run BANK! 🤣

⚠ If you reside in the USA, you MUST use a VPN. I set it to Singapore and it works just fine! ~ Namasté 🙏 Crypto Michael ⚡ The Dinarian


This tutorial will guide you through the process of adding liquidity to the stkXPRT/XPRT pool on Persistence DEX.

Table of Contents:

🔹 How to ...

Account Abstraction on Sonic 🚀

With EIP-7702 arriving in Sonic's next client upgrade, your regular wallet will gain smart contract powers. ✨

🎁 Gas Subsidies
📊 Dynamic Fees
🤝 Social Recovery
🔑Session Keys

🧵 https://x.com/SonicLabs/status/1936395173275238459

👀 11-Year-Old Happy Demonstrates Advanced Dormant Abilities – Seeing Without the Physical Eyes

Happy an 11 year old demonstrated in week 3 workshop activating dormant abilities that go far beyond ordinary vision. What he demonstrates here is not imagination or guesswork it’s real perception beyond the physical eyes.

By tapping into his soul awareness and expanding his consciousness, Happy is able to see what others can’t, showing us the potential that lives within all of us when the inner senses are awakened.

👉 This is more than a skill. It’s a reminder of who we truly are & the abilities he have with practice.

Thank You Happy, You have inspired me and many others
Darius J Wright.

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Dubai regulator VARA classifies RWA issuance as licensed activity
Virtual Asset Regulatory Authority (VARA) leads global regulatory framework - makes RWA issuance licensed activity in Dubai.

Real-world assets (RWAs) issuance is now licensed activity in Dubai.

~ Actual law.
~ Not a legal gray zone.
~ Not a whitepaper fantasy.

RWA issuance and listing on secondary markets is defined under binding crypto regulation.

It’s execution by Dubai.

Irina Heaver explained:

“RWA issuance is no longer theoretical. It’s now a regulatory reality.”

VARA defined:

- RWAs are classified as Asset-Referenced Virtual Assets (ARVAs)

- Secondary market trading is permitted under VARA license

- Issuers need capital, audits, and legal disclosures

- Regulated broker-dealers and exchanges can now onboard and trade them

This closes the gap that killed STOs in 2018.

No more tokenization without venues.
No more assets without liquidity.

UAE is doing what Switzerland, Singapore, and Europe still haven’t:

Creating enforceable frameworks for RWA tokenization that actually work.

Matthew White, CEO of VARA, said it perfectly:

“Tokenization will redefine global finance in 2025.”

He’s not exaggerating.

$500B+ market predicted next year.

And the UAE just gave it legal rails.

~Real estate.
~Private credit.
~Shariah-compliant products.

Everything is in play.

This is how you turn hype into infrastructure.

What Dubai is doing now is 3 years ahead of everyone else.

Founders, investors, ecosystem builders:

You want to build real-world assets onchain.

Don’t waste another year waiting for clarity.

Come to Dubai.

It’s already here.

 

Source

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If you find value in my content, consider showing your support via:

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Your generosity keeps this mission alive, for all! Namasté 🙏 Crypto Michael ⚡  The Dinarian

 

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🎬Proof the Deep State Planned This War for Years🎬
Nation First outlines how the Israeli attack on Iran was planned by the Deep State and the Military Industrial Complex over 15 years ago.

Prepare to have your mind blown

~Namasté 🙏 Crypto Michael ⚡ The Dinarian

Dear friend,

What just happened in Iran wasn’t a surprise attack. It wasn’t a last-minute decision. It wasn’t even Israel acting alone.

It was a war plan written years ago — by men in suits, sitting in think tanks in Washington and New York. And yesterday, that plan was finally put into action.

Here’s the truth they don’t want you to know: this war was cooked up long before Trump ever became President — and it was designed to happen exactly this way.

Let’s start with what just happened.

Israel launched a massive, unexpected strike on Iran. They hit nuclear facilities. They killed military generals. They struck deep inside Iranian territory — and now the whole region is on edge, ready to explode into full-blown war.

The media is acting shocked. But I’m not. You shouldn’t be either.

Why?

Because we have the documents. They told us this was coming. Years ago.

Exhibit A: The Brookings Institution.

The Brooking Institution is a fancy name for what’s basically a war-planning factory dressed up as a research centre. Back in 2009, Brookings published a report called Which Path to Persia?

It laid out exactly how to get the U.S. into a war with Iran — without looking like the bad guy.

Here’s the sickest part:

“The United States would encourage — and perhaps even assist — the Israelis in conducting the strikes… in the expectation that both international criticism and Iranian retaliation would be deflected away from the United States and onto Israel.”

Let that sink in.

They literally suggested using Israel to start the war, so America could stand back and say, “Wasn’t us!”

They even titled a chapter of this report: “Leave It to Bibi” — naming Netanyahu as the guy to light the match.

Exhibit B: The Council on Foreign Relations (CFR).

The Council on Foreign Relations is an another Deep State operation. Also in 2009, CFR published a “contingency memothat laid out the whole military plan for an Israeli strike on Iran — step by step.

  • What routes the jets would fly (over Jordan and Iraq).

  • What bombs they’d use (the biggest bunker-busters in the U.S. arsenal).

  • Which Iranian sites to hit (Natanz, Arak, Esfahan).

  • And how Iran might respond (missiles, drones, threats to U.S. bases).

It’s like they had a time machine. Because those exact strikes just happened following the routes, likely using the bombs and hitting the sites that the CFR outlined.

Exhibit C: The Plot to Attack Iran by Dan Kovalik.

This one really blows the lid off.

US human rights lawyer and journalist Dan Kovalik, in his book The Plot to Attack Iran: How the CIA and the Deep State Have Conspired to Vilify Iran, shows how the CIA and Israel’s Mossad have been working together for decades — not just watching Iran, but actively sabotaging it. Killing scientists. Running cyberattacks. Feeding lies to the media to make Iran look like it’s always “six months away” from building a nuke.

He even reveals how they discussed false flag attacks — faking an Iranian strike to justify going to war. That’s not a conspiracy theory. That’s documented strategy.

And here’s where President Trump comes in.

Unlike the warmongers who wrote these plans, Trump wasn’t looking to bomb Iran. He wanted to talk. Negotiate. Make a deal — like he did with North Korea.

In fact, peace talks with Iran were just days away.

But someone didn’t want peace. Someone wanted war.

So Israel went in — just like the Brookings script said — and lit the fuse.

Trump didn’t authorise it. He didn’t want it. But they gazumped him. They went around him. And now, the peace he was trying to build has been blown to bits.

This was never about Iran being a threat. It was about keeping the war machine fed.

Think tanks, defence contractors, foreign lobbies — they don’t profit from peace. They thrive on tension. On fear. On war.

And now, thanks to them, the world’s one step closer to the edge.

If you’ve never trusted the mainstream media, you’re right not to.

If you’ve ever suspected there’s a shadowy agenda behind every war, you’re not paranoid.

You’re paying attention.

Because the documents are real. The war was planned. And the bombs are falling — right on schedule.

Pray for Iran’s civilians.

Pray for the Israelis caught in the crossfire.

Pray for a President who still wants peace.

And pray that we wake up before it’s too late.

Because the war has started.

But the truth has just begun to spread.

Until next time, God bless you, your family and nation.

Take care,

George Christensen

Source:

George Christensen is a former Australian politician, a Christian, freedom lover, conservative, blogger, podcaster, journalist and theologian. He has been feted by the Epoch Times as a “champion of human rights” and his writings have been praised by Infowars’ Alex Jones as “excellent and informative”.

George believes Nation First will be an essential part of the ongoing fight for freedom:

The time is now for every proud patriot to step to the fore and fight for our freedom, sovereignty and way of life. Information is a key tool in any battle and the Nation First newsletter will be a valuable tool in the battle for the future of the West.

— George Christensen.

Find more about George at his www.georgechristensen.com.au website.

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The Possible Impact Of USDC On The XRP Ledger And RLUSD
Key Points
  • It seems likely that USDC on the XRP Ledger (XRPL) boosts liquidity, benefiting XRP, though some see it as competition for RLUSD.
  • Research suggests both stablecoins can coexist, enhancing the XRPL ecosystem.
  • The evidence leans toward increased network activity being good for XRP, despite potential competition.

The recent launch of USDC on the XRP Ledger has sparked discussions about its impact on the ecosystem, particularly in relation to RLUSD, Ripple's own stablecoin. This response explores whether this development is more about competition for RLUSD or if it enhances liquidity on the XRPL, ultimately benefiting XRP.
 

Impact on Liquidity and XRP

The introduction of USDC, a major stablecoin with a $61 billion market cap, likely increases liquidity on the XRPL by attracting more users, developers, and institutions. This boost can enhance DeFi applications and enterprise payments, potentially driving demand for XRP, the native token used for transaction fees. While some may view it as competition for RLUSD, the overall effect seems positive for the XRPL's growth.
 

Competition vs. Coexistence with RLUSD

USDC and RLUSD cater to different needs: USDC appeals to those valuing regulatory compliance, while RLUSD, backed by Ripple, may attract users preferring ecosystem integration. Research suggests both can coexist, increasing options and fostering innovation, rather than purely competing.
 

Detailed Analysis of USDC on XRPL and Its Implications

The integration of USDC on the XRP Ledger (XRPL), announced on June 12, 2025, by Circle, has significant implications for the ecosystem, particularly in relation to RLUSD, Ripple's stablecoin launched in 2024. This section provides a comprehensive analysis, exploring whether this development is more about competition for RLUSD or if it enhances liquidity on the XRPL, ultimately benefiting XRP.
 

Understanding RLUSD and Its Role

RLUSD, Ripple's stablecoin, received approval from the New York Department of Financial Services (NYDFS) in 2024 and is designed to be fully backed by cash and cash equivalents, ensuring stability. It is available on both the Ethereum and XRP Ledger blockchains, aiming to enhance liquidity, reduce volatility, and serve cross-border payments. With a current market cap of $413 million, RLUSD is smaller than USDC's $61 billion but has regulatory credibility, particularly appealing to institutions.
 

Impact of USDC on the XRPL

The launch of USDC on the XRPL is a significant development, given its status as the second-largest stablecoin by market cap.
 
Key impacts include:
  • Liquidity Boost: USDC's integration can attract more users, developers, and institutions, increasing overall liquidity. This is crucial for DeFi applications, as Circle's announcement emphasizes its use in liquidity provisioning for token pairs and FX flows.
  • Increased Utility: USDC enhances the XRPL's utility for enterprise payments, financial infrastructure, and DeFi, potentially making it more attractive for global money movement and transparent settlements.
  • Regulatory and Institutional Appeal: As a regulated stablecoin issued by Circle, USDC can bring institutional users to the XRPL, aligning with Ripple's goals for regulated financial activities.
  • Network Growth: Supporting a widely recognized stablecoin like USDC on 22 blockchains, including the XRPL, increases the network's visibility and adoption, potentially driving more activity.

Competition vs. Complementarity with RLUSD

While USDC's launch could be seen as competition for RLUSD, the evidence suggests a more nuanced relationship:
  • Competition: Both are stablecoins on the XRPL, and USDC's larger market presence ($61 billion vs. RLUSD's $413 million) might attract users and developers away from RLUSD. However, competition can drive innovation, such as lower fees or better services, benefiting the ecosystem
  • Complementarity: Different stablecoins cater to different needs. USDC appeals to users valuing regulatory compliance and widespread adoption across multiple blockchains, while RLUSD, backed by Ripple, may attract those preferring ecosystem integration and regulatory approval from NYDFS. The XRPL can benefit from having multiple options, increasing liquidity and fostering a diverse ecosystem.
  • Coexistence Benefits: Research suggests that having multiple stablecoins enhances liquidity and provides users with more choices, potentially leading to higher network activity. For example, institutions might use USDC for global payments and RLUSD for specific XRPL-integrated applications, creating a symbiotic relationships.

Impact on XRP

The introduction of USDC, alongside RLUSD, is likely beneficial for XRP, the native token of the XRPL, for several reasons:
  • Increased Liquidity and Activity: Higher liquidity on the XRPL, driven by both stablecoins, can increase transaction volumes. XRP is used for transaction fees, with some fees burned, potentially reducing supply over time and increasing demand.
  • DeFi and Enterprise Use Cases: Both USDC and RLUSD enhance DeFi and enterprise applications, such as liquidity pools and cross-border payments, which can drive demand for XRP as a settlement token.
  • Network Growth: A more liquid and active XRPL is more attractive to developers and users, potentially leading to long-term growth for XRP, as increased utility can drive its value.
Expert analyses, such as those from u.today and ledgerinsights.com, suggest the launch is a "massive boost" for liquidity and adoption, with RLUSD also playing a significant role.
 

Comparative Analysis: USDC vs. RLUSD

To further illustrate, consider the following table comparing key attributes:
 
Given the evidence, it is more accurate to view the introduction of USDC on the XRPL as beneficial for liquidity, which is ultimately good for XRP, rather than solely as competition for RLUSD. The XRPL benefits from increased options, with both stablecoins enhancing liquidity, utility, and network growth. While some competition exists, the overall impact is positive, fostering a robust ecosystem that can drive demand for XRP. This conclusion aligns with expert analyses and community discussions, acknowledging the complexity of the stablecoin market within the XRPL.
 

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