Ripple’s latest stablecoin, RLUSD, has been the subject of much confusion. AMINA Bank, a Swiss leader in digital assets, has stepped in to clear the air. According to their recent X thread, RLUSD is stable by design, fully regulated, and ready for real-world adoption.
RLUSD Won’t Replace XRP
Many believe RLUSD could sideline XRP on the XRP Ledger. AMINA Bank firmly denies this. It may power transactions, but XRP remains essential to the network’s core, covering transaction fees and keeping the ecosystem running.
Already Approved by Regulators
Another misconception is that it still awaits regulatory approval. In fact, it’s already licensed by New York’s NYDFS and Dubai’s VARA, enabling immediate integration into apps and financial platforms.
1:1 Backed by U.S. Financial Assets
Fears that RLUSD is backed by volatile cryptocurrencies are unfounded. AMINA confirms that every it is secured with U.S. dollars or U.S. Treasury bills, held safely in segregated accounts.
Smart Contract Advantage on Ethereum
Unlike traditional stablecoins, it uses Ethereum’s UUPS standard, which allows future upgrades without changing its address, enhancing both security and adaptability.
Not Just for Crypto Traders
Finally, RLUSD isn’t limited to crypto enthusiasts. It’s designed for businesses too, supporting cross-border payments, corporate treasury operations, and global payouts.
In short, it stands out not just as another stablecoin but as a regulated, future-ready digital asset for both DeFi users and traditional enterprises.
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