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RIPPLE STABLECOIN RLUSD IS A ‘TROJAN HORSE’ FOR DEFI AND BANKING, CLAIMS VENTURE
CAPITALIST

by Jake Simmons
4 days ago
in Ripple
0


In his latest video analysis on YouTube, Adam Cochran, partner at Cinneamhain
Ventures (CEHV), an activist venture capital firm, described Ripple’s newly
launched stablecoin, RLUSD, as a “Trojan Horse” poised to transform both
decentralized finance (DeFi) and traditional banking sectors.


WHY RIPPLE’S RLUSD IS A ‘TROJAN HORSE’

Cochran emphasized the strategic significance of RLUSD, stating, “Ripple quietly
dropped a bombshell and no one’s really talking about it but it could
dramatically revolutionize the position of Ripple in the marketplace.” He
elaborated that while the crypto community remains focused on XRP’s price
movements and its upcoming programmability upgrades, RLUSD represents a
fundamental shift in XRP Ledger (XRPL) ecosystem.



RLUSD differentiates itself from other stablecoins by adhering to stringent
regulatory standards. Cochran highlighted, “RLUSD isn’t just another USDC clone;
this is more into the original Paxos stablecoin that’s NYDFS regulated,
custodian issued, backed by secure cash assets.”

The stablecoin is exclusively backed by real US cash equivalents held in US
banks registered with regulators and subject to regular audits. This regulatory
compliance ensures that RLUSD meets stringent monetary transfer licenses,
including a Virtual Asset Service Provider (VASP) license, positioning it for
use by EU exchanges and banks.

Related Reading: Ripple CEO Announces Approval For RLUSD Stablecoin By New York
Regulators

Unlike other stablecoins such as Tether (USDT), RLUSD is set to be issued on
both the XRP Ledger and the Ethereum blockchain. Cochran pointed out, “Ripple is
making sure they themselves capture it and can provide more value into the
ecosystem.”

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Cochran posits that RLUSD is integral to unlocking the vast multi-trillion
dollar Forex markets on the blockchain without necessitating advanced
technological upgrades. “This stablecoin is going to unlock the ability for
real-world asset (RWA) issuers, Forex issuers, currency issuers, and other
programs to be able to price on a native AMM their assets in the US dollar,” he
remarked.

The introduction of RLUSD is expected to facilitate the pricing of assets in US
dollars directly on the XRPL’s Automated Market Maker (AMM), thereby attracting
institutional trading and Forex settlement activities. Cochran elaborated:
“Ripple can begin to benefit from the yield that comes in and put that back into
the XRP ecosystem.” He suggests that the stablecoin could enhance liquidity
on-chain, which is currently confined to opaque exchange balances:


Related Reading: Ripple CTO Details How RLUSD Might Trade At $1,200 On Debut

“Sophisticated participants don’t want to have an AMM that trades against Ripple
as the underlying currency. They want to be able to price their assets in the US
dollar and until the launch of RLUSD that was something that wasn’t possible.
This stablecoin is going to unlock the ability for RWA assets, Forex issuers,
currency issuers and other programs […] to allow Ripple to bring a lot of their
overall liquidity on-chain.”

Ripple has long targeted institutional clients, including banks, financial
institutions, and Forex traders. Cochran emphasized the importance of regulatory
compliance, stating, “If Ripple can get their MA compliance approved and be
offered in the EU and bring this stablecoin to diverse markets, they have a
great opportunity to get these providers to integrate Ripple’s Network by
offering them on-chain yield and sharing of that yield.”

Moreover, the company’s strategic focus on programmability through upcoming
features like Hooks and an Ethereum Virtual Machine (EVM) sidechain is expected
to further enhance RLUSD’s utility. “Ripple still really needs hooks and their
EVM sidechain to perform well, get the programmability in place to be able to
offer more sophisticated DeFi products,” Cochran stated.

The global stablecoin market, currently dominated by Tether (USDT) and USD Coin
(USDC), presents a significant opportunity for RLUSD, especially within the EU
where regulatory frameworks are stringent. Cochran estimated, “If Ripple was to
issue the same amount of stablecoins as Tether does nowadays, they’d be looking
at something like $5 billion a year potentially in yield gains.”

Cochran further pointed out the competitive edge RLUSD could provide Ripple,
stating, “These are the type of asset issuers that care about RWA issuance,
Forex settlement and interchange […] something that no one else in the DeFi
space has the expertise or the interested parties or the tooling to be able to
provide.”

Cochran concluded his analysis by affirming Ripple’s strategic trajectory,
“Ripple has a great potential path in front of it if it continues to execute on
delivering the vision in the way that it wants to.”

At press time, XRP traded at $2.51.

XRP price holds key support, 1-week chart | Source: XRPUSDT on TradingView.com
Featured image from YouTube, chart from TradingView.com

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JAKE SIMMONS

Jake Simmons has been a Bitcoin enthusiast since 2016. Ever since he heard about
Bitcoin, he has been studying the topic every day and trying to share his
knowledge with others. His goal is to contribute to Bitcoin's financial
revolution, which will replace the fiat money system. Besides BTC and crypto,
Jake studied Business Informatics at a university. After graduation in 2017, he
has been working in the blockchain and crypto sector. You can follow Jake on
Twitter at @realJakeSimmons.




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