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September 01, 2022
🌐 A NEW ERA FOR MONEY 🌐

As bytes replace dollars, euros, and renminbi, some changes will be welcome; others may not

Money has transformed human society, enabling commerce and trade even between widely dispersed geographic locations. It allows the transfer of wealth and resources across space and over time. But for much of human history, it has also been the object of rapacity and depredation.

Money is now on the cusp of a transformation that could reshape banking, finance, and even the structure of society. Most notably, the era of physical currency, or cash, is drawing to an end, even in low- and middle-income countries; the age of digital currencies has begun. A new round of competition between official and private currencies is also looming in both the domestic and international arenas. The proliferation of digital technologies that is powering this transformation could foster useful innovations and broaden access to basic financial services. But there is a risk that the technologies could intensify the concentration of economic power and allow big corporations and governments to intrude even more into our financial and private lives.

Traditional financial institutions, especially commercial banks, face challenges to their business models as new technologies give rise to online banks that can reach more customers and to web-based platforms, such as Prosper, capable of directly connecting savers and borrowers. These new institutions and platforms are intensifying competition, promoting innovation, and reducing costs. Savers are gaining access to a broader array of saving, credit, and insurance products, while small-scale entrepreneurs are able to secure financing from sources other than banks, which tend to have stringent loan-underwriting and collateral requirements. Domestic and international payments are becoming cheaper and quicker, benefiting consumers and businesses.

Stability concerns
The emergence of cryptocurrencies such as Bitcoin initially seemed likely to revolutionize payments. Cryptocurrencies do not rely on central bank money or trusted intermediaries such as commercial banks and credit card companies to conduct transactions, which cuts out the inefficiencies and added costs of these intermediaries. However, their volatile prices, and constraints to transaction volumes and processing times, have rendered cryptocurrencies ineffective as mediums of exchange. New forms of cryptocurrencies called stablecoins, most of which ironically get their stable value by being backed by stores of central bank money and government securities, have gained more traction as means of payment. The blockchain technology underpinning them is catalyzing far-reaching changes to money and finance that will affect households, corporations, investors, central banks, and governments in profound ways. This technology, by allowing secure ownership of purely digital objects, is even fostering the rise of new digital assets, such as non-fungible tokens.

At the same time, central banks are concerned about the implications for both financial and economic stability if decentralized payment systems (offshoots of Bitcoin) or private stablecoins were to displace both cash and traditional payment systems managed by regulated financial institutions. A payment infrastructure that is entirely in the hands of the private sector might be efficient and cheap, but some parts of it could freeze up in the event of a loss of confidence during a period of financial turmoil. Without a functioning payment system, a modern economy would grind to a halt.

In response to such concerns, central banks are contemplating issuing digital forms of central bank money for retail payments—central bank digital currencies (CBDCs). The motives range from broadening financial inclusion (giving even those without a bank account easy access to a free digital payment system) to increasing the efficiency and stability of payment systems by creating a public payment option as a backstop (the role now played by cash).

A CBDC has other potential benefits. It would hinder illegal activities such as drug deals, money laundering, and terrorism financing that rely on anonymous cash transactions. It would bring more economic activity out of the shadows and into the formal economy, making it harder to evade taxes. Small businesses would benefit from lower transaction costs and avoid the hassles and risks of handling cash.

Risk of runs
But a CBDC also has disadvantages. For one, it poses risks to the banking system. Commercial banks are crucial to creating and distributing credit that keeps economies functioning smoothly. What if households moved their money out of regular bank accounts into central bank digital wallets, perceiving them as safer even if they pay no interest? If commercial banks were starved of deposits, a central bank could find itself in the undesirable position of having to take over the allocation of credit, deciding which sectors and firms deserve loans. In addition, a central bank retail payment system could even squelch private sector innovation aimed at making digital payments cheaper and quicker.

Of equal concern is the potential loss of privacy. Even with protections in place to ensure confidentiality, any central bank would want to keep a verifiable record of transactions to ensure that its digital currency is used only for legitimate purposes. A CBDC thus poses the risk of eventually destroying any vestige of anonymity and privacy in commercial transactions. A carefully designed CBDC, taking advantage of fast-developing technical innovations, can mitigate many of these risks. Still, for all its benefits, the prospect of eventually displacing cash with a CBDC ought not to be taken lightly.

The new technologies could make it harder for a central bank to carry out its key functions—namely, to keep unemployment and inflation low by manipulating interest rates. When a central bank such as the Federal Reserve changes its key interest rate, it affects interest rates on commercial bank deposits and loans in a way that is reasonably well understood. But if the proliferation of digital lending platforms diminishes the role of commercial banks in mediating between savers and borrowers, it’s unclear how or whether this monetary policy transmission mechanism will continue to function.

Currency competition
The basic functions of central-bank-issued money are on the threshold of change. As recently as a century ago, private currencies competed with each other and with government-issued currencies, also known as fiat money. The emergence of central banks decisively shifted the balance in favor of fiat currency, which serves as a unit of account, medium of exchange, and store of value. The advent of various forms of digital currencies, and the technology behind them, has now made it possible to separate these functions of money and has created direct competition for fiat currencies in some dimensions.

Central bank currencies are likely to retain their importance as stores of value and, for countries that issue them in digital form, also as mediums of exchange. Still, privately intermediated payment systems are likely to gain in importance, intensifying competition between various forms of private money and central bank money in their roles as mediums of exchange. If market forces are left to themselves, some issuers of money and providers of payment technologies could become dominant. Some of these changes could affect the very nature of money—how it is created, what forms it takes, and what roles it plays in the economy.

If market forces are left to themselves, some issuers of money and providers of payment technologies could become dominant.
International money flows
Novel forms of money and new channels for moving funds within and between economies will reshape international capital flows, exchange rates, and the structure of the international monetary system. Some of these changes will have big benefits; others will pose new challenges.

International financial transactions will become faster, cheaper, and more transparent. These changes will be a boon for investors seeking to diversify their portfolios, firms looking to raise money in global capital markets, and economic migrants sending money back to their home countries. Faster and cheaper cross-border payments will also boost trade, which will be particularly beneficial for emerging market and developing economies that rely on export revenues for a significant portion of their GDP.

Yet the emergence of new conduits for cross-border flows will facilitate not just international commerce but also illicit financial flows, raising new challenges for regulators and governments. It will also make it harder for governments to control the flows of legitimate investment capital across borders. This poses particular challenges for emerging market economies, which have suffered periodic economic crises as a result of large, sudden outflows of foreign capital. These economies will be even more vulnerable to the monetary policy actions of the world’s major central banks, which can trigger those capital outflows.

Digital central bank money is only as strong and credible as the institution that issues it.
Neither the advent of CBDCs nor the lowering of barriers to international financial flows will alone do much to reorder the international monetary system or the balance of power among major currencies. The cost of direct transactions between pairs of emerging market currencies is falling, reducing the need for “vehicle currencies” such as the dollar and the euro. But the major reserve currencies, especially the dollar, are likely to retain their dominance as stores of value because that dominance rests not just on the issuing country’s economic size and financial market depth but also on a strong institutional foundation that is essential for maintaining investors’ trust. Technology cannot substitute for an independent central bank and the rule of law.

Similarly, CBDCs will not solve underlying weaknesses in central bank credibility or other issues, such as a government’s undisciplined fiscal policies, that affect the value of a national currency. When a government runs large budget deficits, the presumption that the central bank might be directed to create more money to finance those deficits tends to raise inflation and reduce the purchasing power of central bank money, whether physical or digital. In other words, digital central bank money is only as strong and credible as the institution that issues it.

Government’s role
Central banks and governments worldwide face important decisions in coming years about whether to resist new financial technologies, passively accept private-sector-led innovations, or embrace the potential efficiency gains the new technologies offer. The emergence of cryptocurrencies and the prospect of CBDCs raise important questions about the role the government ought to play in financial markets, whether it is impinging on areas that are preferably left to the private sector, and whether it can compensate for market failures, particularly the large number of unbanked and underbanked households in developing economies and even in advanced economies such as the United States.

As the recent cryptocurrency boom and bust have shown, regulation of this sector will be essential to maintain the integrity of payment systems and financial markets, ensure adequate investor protection, and promote financial stability. Still, given the extensive demand for more efficient payment services at the retail, wholesale, and cross-border levels, private-sector-led financial innovations could generate significant benefits for households and corporations. In this respect, the key challenge for central banks and financial regulators lies in balancing financial innovation with the need to mitigate risks to uninformed investors and to overall financial stability.

New financial technologies hold the promise of making it easier even for indigent households to gain access to an array of financial products and services, and of thereby democratizing finance. However, technological innovations in finance, even those that might allow for more efficient financial intermediation, could have double-edged implications for income and wealth inequality.

The benefits of innovations in financial technologies could be captured largely by the wealthy, who could use them to increase financial returns and diversify risks, and existing financial institutions could co-opt these changes for their own benefit. Moreover, because those who are economically marginalized have limited digital access and lack financial literacy, some of the changes could draw them into investment opportunities whose risks they do not fully appreciate or have the ability to tolerate. Thus, the implications for income and wealth inequality—which has risen sharply in many countries and is fomenting political and social tensions—are far from obvious.

Another key change will be greater stratification at both the national and international levels. Smaller economies and those with weak institutions could see their central banks and currencies swept away, concentrating even more economic and financial power in the hands of the large economies. Meanwhile, major corporations such as Amazon and Meta could accrete more power by controlling both commerce and finance.

Even in a world with decentralized finance built around Bitcoin’s innovative blockchain technology (which is likely to be its true legacy), governments have important roles to play in enforcing contractual and property rights, protecting investors, and ensuring financial stability. After all, it appears that cryptocurrencies and innovative financial products, too, work better when they are built on the foundation of trust that comes from government oversight and supervision. Governments have the responsibility to ensure that their laws and actions promote fair competition rather than favoring incumbents and allowing large players to stifle smaller rivals.

Continue Reading: https://www.imf.org/en/Publications/fandd/issues/2022/09/A-new-era-for-money-Prasad

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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
🚀 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:

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

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👀 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! đŸ€Ł

⚠ If you reside in the USA, you MUST use a VPN. I set it to Singapore and it works just fine! ~ NamastĂ© 🙏 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:

đŸ”č How to ...

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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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🎬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

~NamastĂ© 🙏 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 memo” that 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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