TheDinarian
News • Business • Investing & Finance
? 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!
Interested? Want to learn more about the community?
Fantoms SpiritSwap V2 is LIVE — UI & protocol upgrades

Users can now enjoy V2 via the following link: beta.spiritswap.finance

SpiritSwap has come a long way since its inception on the Fantom network one year ago. This past year has been full of highs and lows but at the end of the day the Spirit team has loved sharing every minute of this journey with you all! To celebrate our continued ingenuity and drive to consistently add value to the Fantom ecosystem, SpiritSwap is pleased to present V2 and subsequent protocol upgrades.

This project in itself has been a monumental effort by our development team, all coordinated by our core team members in their respective fields. This product is a result from months of blood, sweat, tears and a severe lack of sleep. To start, SpiritSwap would like to thank everyone involved in the development of this major overhaul.

This article explains our reasons for the V2 upgrade, what the upgrade entails, the key differences between V1 & V2, along with the architectural upgrades to the AMM infrastructure and the underlying updates to some of the contracts.

The work doesn’t stop here. Upon deploying V2, the team will be getting straight to work on V2.1 upgrades, which consist of functionality upgrades that would have taken too long to implement in the V2 rollout, balance is key.

V2 TLDR 1 minute ;
>New AMMs in the mix

>Protocol Fees: Giving back to the protocols, whenever a protocol lists with us, SpiritSwap rebates protocols` 25% of the fees their pools generate

>Implementation of a master router. This means we can add new AMMs (like balancer weighted and linear or concentrated AMMs) without having to upgrade our UI or contracts.

>Fee reduction from 0.3% to 0.18% for Classic AMM (customizable fees down to 0.01%)

>Stable AMM introduced at 0.04% fees (customizable fees down to 0.01%)

>More fees for inSPIRIT holders from 0.05% — 0.135% (Includes both base fee and vote fee)

>Non-dilutive tokenomics for inSPIRIT holders through ve(3,3) model

>Making the inSPIRIT model more sustainable: Using a mix of solidly voting models

>Introduction of Permissionless Spirit farms

> In-built bribe UI

> Gauge proxy divided into 3 isolated gauge proxies for greater balance of emissions

V2.1 TLDR;
>Introduction of weighted pools

>Introduction of linear pools — better capital efficiency by feeding to lending network

>Introduction of Permissionless Ecosystem farms

> Upgrades to bribes (% based bribes, limit bribes)

V2 will be released in two stages. The first being a public beta, which is live as of today. This gives the public the ability to switch between V1 and V2 at their leisure. The current plan is for V2 beta to be live for 2 weeks, allowing the team to receive feedback and bug reports from the community. Over this time, the development team will dedicate 95 % of development resources to remedy any reported bugs from the community. Upon this round of community testing being complete, the team will redeploy our URL to face our V2 product thus making V2 our official application moving forward.

V2 TLDR 5 minutes :
Huge overhaul of fee structure with the aim to pass as much value back to inSPIRIT holders and protocols who support SpiritSwap.
Notably our vAMM fee has been reduced from 0.3% — 0.18%. This provides a positive feedback loop between aggregator traffic, volume and fees. The introduction of the new Vote Fee further rewards inSPIRIT holders who vote on gauges that have the ecosystem’s best interest at heart. The introduction of the Protocol Fee further incentivizes protocols to add liquidity with SpiritSwap, establishing a pool of deep liquidity for more optimal trade pricing.

Bridge swap upgrade:
SpiritSwap’s bridge aggregator will pave the way for a myriad of other chains to be added to the bridge. As a part of this upgrade, people will now be able to simultaneously swap while they bridge. For example, users can now send BNB from Binance Smart Chain to Fantom Opera, but in the same process, convert this BNB to FTM with one click.

We have 2 options — cheaper fees or faster transactions.

Bribe UI:
Isolated gauge proxies:
What was a “singular gauge proxy” for boosted farms, has now been segregated into 3 isolated gauge proxies for greater control over emissions on pairs that are crucial to the SpiritSwap ecosystem.

Running snapshots and facilitating airdrops for bribes is cumbersome and laborious. It’s not a good use of developer time. As such, the bribe process has been simplified for both developers and the community. Developers of projects who have gauges can now offer a bribe and set this up directly within our inSPIRIT UI. Subsequently, inSPIRIT holders who vote on farms with active bribes can also collect their voting fees directly within the inSPIRIT page, along with their inSPIRIT weekly rewards.

Isolated gauge proxies:

What was a “singular gauge proxy” for boosted farms, has now been segregated into 3 isolated gauge proxies for greater control over emissions on pairs that are crucial to the SpiritSwap ecosystem.

Real Yield — Anti dilution for inSPIRIT holders:
This aims to further stimulate the adoption of inSPIRIT for new and existing participants in our ecosystem. The Real Yield model sees emissions redirected to ensure loyal inSPIRIT holders are never diluted by farmers.

In depth overview 20 minutes
UI and codebase upgrades.
Soully has undergone some cosmetic surgery, SOME being an understatement. As you will notice, the entire layout of the SpiritSwap application has changed for a more simplified, crisp, clean and professional look. On top of this, we have rebuilt the ENTIRE code base from scratch, which is why V2 has been such a long drawn process.

In layman’s terms, by building this code ourselves (rather than relying on forked code) we understand the mechanics of this code much better, thus are able to execute a rapid turnaround time on fixing bugs and expediting deployment of new features. Needless to say the functionality of our DEX will now be much quicker than V1.

Offering a user interface that embodies the playful nature of Soully, while highlighting the key elements users expect from a DEX, is where inspiration came from. We wanted to keep things as minimalistic as possible, meanwhile offering the layers of detail that more seasoned DeFi users have come to expect from an aspiring tier 1 DEX.

The layout of the application was given careful consideration, specifically focusing on the flow of interaction. As users will notice, their journey within the application begins where all DeFi users would expect, their portfolio. Our home page now doubles as a portfolio page, which gives a detailed overview of all user positions including single held assets, LP positions, farm, winSPIRIT, lending and borrowing, as well as eventual ApeMode positions. This will offer all users a more enhanced overview of their positions on SpiritSwap and all key components / features that are offered as a protocol.

The new landing page will feature an overview of ALL key components that SpiritSwap brings to market. Included in these key components is user education, as a lot of users are new to defi. Ensuring users who arrive at our landing page have immediate access to information they need to make informed decisions is of immense importance. As such, when new users initially arrive at the landing page before entering the application, they are offered a myriad of information that details each individual feature via the ability to click on pop up infographic cards explaining the intricacy of each feature.

Basic AMM features like Swap, Bridge, Liquidity and Farms, still retain their standard functionality but with a new look and feel to the design. The focus was to keep as much of this functionality as familiar as possible for our existing users.

However you will notice that there are some new feature additions to farms and liquidity, which aligns with some of our new AMM architecture. These will be covered in a separate paragraph related to AMM upgrades.

The inSPIRIT page has also undergone a huge facelift, now offering far greater user experience. Users can now toggle between locking more SPIRIT or increasing their delegation period to eliminate any confusion. The process of locking inSPIRIT has now also been broken down into a simple 3 step process, replicating a walkthrough type approach for users participating in our inSPIRIT model. This makes the process seamless, easy to understand and eliminates any confusion for those who are new to the ecosystem or struggle to comprehend the process.

The farm voting panel has also been updated to offer improved UX via farm voting rebalance exclusion. Currently users must exclude farms they don’t want to vote for, otherwise vote percentages will automatically be rebalanced accordingly. This has led to a cumbersome and frustrating experience for V1 users and has been something we have strived to improve since the initial inSPIRIT deployment.

My farms toggle function: This allows users to automatically flip a switch that only displays their active farms in the voting panel. This improves UX as users no longer need to scroll through endless farms picking out the ones that are pertinent to their investment strategies, but rather streamline this approach by only displaying their active positions. This also helps users easily identify the most lucrative farms to vote for in order to capture the largest amount of voting fees.

AMM upgrades.
SpiritV2 will launch with two AMMs. A variable AMM (vAMM) for variable liquidity pairs (vLP) and a stable AMM (sAMM) for stable liquidity pairs (sLP). This AMM is a modified version of Solidly with an upgrade to the fee structure.

Our AMM architecture is preceded with a master router for swaps on SpiritV2. This means we can add new AMMs (like balancer weighted/linear pools or new types of AMMs) without having to upgrade our UI or contracts. They can just be added in the master router.

In this new AMM format, swap fees now accumulate outside of LP tokens in an LP Fee contract. This is unlike our old (UniV2) AMM in which fees are compounded directly into the LP tokens themselves. In this architecture each LP Pair contract has an associated LP Fee contract to handle this logic. Breaking out the accumulated swap fees from the LPs themselves allows us to implement our LP voting logic into the gauge system (more on that later).

The sAMM will allow for the ability to set different fees than the vAMM which Solidly didn't allow for. We see this as an opportunity to fix a broken system, which is why the SpiritSwap AMM’s offers variable fee functionality. The thought process here is that by utilizing the (X²+Y²)(XY)/2=K formula, we achieve a higher concentration of liquidity resulting in tighter spreads and lower impermanent loss. This means we can offer a far better execution on swaps (fees/slippage).

Further to this, SpiritSwap also achieves the ability to offer peg support, meaning SpiritSwap can now offer more effective pricing on stable trades, but also the ability to offer a more targeted solution to tokens that require peg maintenance. With this integration, winSPIRIT pairs will achieve more effective peg maintenance. This will now entice winSPIRIT pairs to stay where they belong and retain profitability on these pairs being traded, meaning inSPIRIT holders won’t miss out on the fees captured by any trading of inSPIRIT pairs that are currently based on other AMM’s.

By offering a more competitive pricing delivery on certain stable pairs, SpiritSwap will subsequently be more competitive in the aggregator space, meaning fees we were missing out on via DEX aggregation, will be a thing of the past.

Better pricing = more fees captured by proxy of DEX aggregation.

Further to this AMM architecture upgrade, SpiritSwap intends to add another layer of architecture to the mix in V2.1 that will allow for more enhanced trading functionality, offering the ability for us to bootstrap enhanced trader UI onto our front end. For now that update will remain as a surprise for a later day.

Fee structure:
The fee structure for SpiritSwap has also undergone some upgrades. The upgraded AMM has variable fees that can be updated by governance and can go as low as 0.01%. This will help us remain competitive with fees and we won’t have to redeploy even if our competitors lower their fees. Unlike Solidly, the vAMM and sAMM can have different fees, this makes sense because stable swaps should have lower fees than variable swaps because they incur less IL.

Moving forward, SpiritSwap will be reducing fees from 0.3% to 0.18% for our classic vAMM while establishing the ability to have an even more competitive fee for our new sAMM at a respectable 0.01%.

The reason for this stems from the realization that it’s better to capture a smaller slice of a bigger pie rather than trying to take the entire pie for ourselves. This update will see a more optimal pricing on trades, meaning that we capture a larger amount of aggregator traffic (fees that are currently being missed out on).

The distribution of fees has also undergone a change. The current model sees fees allocated as follows:

5 / 6 of fees are currently given back to LP’s

1 / 6 of fees are currently used to buy back SPIRIT at market rate and distribute to inSPIRIT holders during our weekly reward distribution.
vAMM & sAMM fee restructure:

Moving forward, Fees accumulate outside of LP token (unlike uniV2 which compounds fees directly into LP). Fees will be allocated as follows:

25 % will go to our base fee:
The base fee is exactly the same as the current inSPIRIT distribution. These are the SPIRIT rewards that all inSPIRIT holders collect at the end of each distribution epoch. It is pertinent to note that with the reduction in fee we are hopeful our routers will collect a higher volume of trade traffic from aggregators. Due to increased volume by virtue of a reduced fee, this increase in volume is expected to capture a higher distribution for inSPIRIT holders each week.

25% of fees will go to the new Protocol Fee model:

The protocol reward fee model is a rebate to protocols who list LP’s with us, for example Liquid Driver.

Out of all fees collected on Liquid Drivers liquidity pools, 25% of these will be given back to the protocol who lists with us (in this example Liquid Driver).

Read more at: https://spiritswap.medium.com/spiritswap-v2-is-live-ui-protocol-upgrades-bec064ebba61

Interested? Want to learn more about the community?
What else you may like…
Videos
Podcasts
Posts
Articles
"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

00:01:50
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

00:05:29
We are minutes away from passing the GENIUS Act.
00:01:19
👉 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
🚀 On-chain Yield Meets Wall Street! 🚀

IXS, in partnership with OpenTrade, has launched the BlackRock High-Yield Corporate Bond Vault—bringing real-world bond yields to DeFi. Here’s why this is a game-changer:

🔹 Access BlackRock’s iShares 0–5 Year High Yield Corporate Bond ETF (SHYG) on-chain
🔹 Earn up to 8.5% APY, with daily interest accrual and zero fees during promo
🔹 Deposit USDC on Avalanche—no brokers, no onboarding delays
🔹 Withdraw anytime—no lockups, no gas hurdles
🔹 Backed by $6.4B in assets and a 4-star Morningstar rating
🔹 Real yield from real bonds, not just simulated returns
🔹 Fully tokenized, compliant, and always-on for digital-first investors
🔹 Brings institutional-grade fixed income directly to on-chain capital

The future of yield is here: transparent, credible, and powered by the world’s largest asset manager. 💎🌐

https://www.ixs.finance/news/ixs-launches-blackrocks-high-yield-corporate-bond-vault

https://coinmarketcap.com/currencies/ix-swap/

post photo preview
👀 OBE Master DISCOVERS MASSIVE CITY Underneath GREAT PYRAMID - Scientists CONFIRM! | Darius J. Wright

Darius J. Wright discusses his out-of-body experiences revealing ancient technologies and structures beneath the Great Pyramid, suggesting they were built by the Anunnaki. He describes tunnel systems, tablets encoded with Crystal Light information, and the presence of entities from various dimensions.

Darius emphasizes the pyramids' role in energy manipulation and transportation, using sound and frequency. He also highlights the importance of purifying the body to enhance psychic abilities and achieve true freedom.

The conversation touches on the spiritual implications of these discoveries and the potential for humanity to unlock advanced technologies and achieve higher consciousness.

Timecodes:
0:00 - Episode Teaser
5:35 - How does Darius leave his body?
7:19 - Is astral travel dangerous?
13:36 - Were giant trees real?
16:45 - Are fairies and gnomes real?
21:03 - What’s the purpose of the tunnels?
23:29 - Were pyramids stargates?
26:15 - Who built the pyramids?
27:23 - What’s inside the ...

📚 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 ...

post photo preview
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

🙏 Donations Accepted 🙏

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

💳 PayPal: 
1) Simply scan the QR code below 📲
2) or visit https://www.paypal.me/thedinarian

🔗 Crypto – Support via Coinbase Wallet to: [email protected]

Or Buy me a coffee: https://buymeacoffee.com/thedinarian

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

 

Read full Article
post photo preview
🎬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.

🙏 Donations Accepted 🙏

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

💳 PayPal: 
1) Simply scan the QR code below 📲
2) or visit https://www.paypal.me/thedinarian

🔗 Crypto – Support via Coinbase Wallet to: [email protected]

Or Buy me a coffee: https://buymeacoffee.com/thedinarian

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

 

Read full Article
post photo preview
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.
 

🙏 Donations Accepted 🙏

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

💳 PayPal: 
1) Simply scan the QR code below 📲
2) or visit https://www.paypal.me/thedinarian

🔗 Crypto – Support via Coinbase Wallet to: [email protected]

Or Buy me a coffee: https://buymeacoffee.com/thedinarian

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

Read full Article
See More
Available on mobile and TV devices
google store google store app store app store
google store google store app tv store app tv store amazon store amazon store roku store roku store
Powered by Locals