Ripple’s stablecoin, RLSD, has been getting a lot of attention lately.

[Phoenixtrader]

I’ve been watching it for a while, and recently I’ve seen more people talking about it on X (Twitter). It seems like interest is really picking up.

From what I’ve read, RLSD is said to be one of the most regulated stablecoins in the U.S., which gives it a strong base. There are also plans for it to play a big role in cross-border payments in the UAE, which could be huge.

More and more exchanges are also adding RLSD as a trading option, which shows that it’s being taken seriously in the crypto world.

I’ve even seen some rumors that Meta might be thinking about buying Ripple. If that happens, it could really shake things up.

Could RLSD be the future of stablecoins? It’s starting to look that way. What’s your take on all this?

[AlphaBheta]

Becoming the "future" of stables is a reach in my opinion, but I agree that RLUSD is getting a lot of attention, and I think it's mostly because of Ripple in the name.

I also think that many of us traders like options, if I open up Bitget for example to convert some of my SOL to stables, I like the idea of having multiple options.

[TastyChillySauce00]

Could RLSD be the future of stablecoins? It’s starting to look that way. What’s your take on all this?

There are tons of stablecoin being released nowadays, from algorithmic to t-bill backed stablecoin, the future of stablecoin will be overly diluted and it seems USDC slowly but sure taking over USDT dominance.
If what you mean by being the future of stablecoin is dominating the stablecoin market share, I don't think RLUSD will be able to do that.

[Phoenixtrader]

Could RLSD be the future of stablecoins? It’s starting to look that way. What’s your take on all this?

There are tons of stablecoin being released nowadays, from algorithmic to t-bill backed stablecoin, the future of stablecoin will be overly diluted and it seems USDC slowly but sure taking over USDT dominance.
If what you mean by being the future of stablecoin is dominating the stablecoin market share, I don't think RLUSD will be able to do that.

Let's see how they fare.

[Hispo]

If you have noticed there is much attention on Ripple's stablecoin it is because it's association with XRP and the fact traders want to continue to especulate on the price of XR, based on the performance of this stablecoin which will an important addition to the Ripple ecosystem.
If this was just another stablecoin with little to no association with Ripple, when I would bet you would not hear or read anything about it on the internet, as it would not be appealing news for traders.

The only thing I am sure of  is the United States government and centralized exchanges are going to favor the stablecoin which is more regulated by the SEC, a stablecoin which is easily controlled and can be freezed at the will and whim of agencies like FBI and CIA, while punish exchanges to delist decentralized ones like DAI, which cannot be frozen.

[melinoe]

Could RLSD be the future of stablecoins? It’s starting to look that way. What’s your take on all this?

There are tons of stablecoin being released nowadays, from algorithmic to t-bill backed stablecoin, the future of stablecoin will be overly diluted and it seems USDC slowly but sure taking over USDT dominance.
If what you mean by being the future of stablecoin is dominating the stablecoin market share, I don't think RLUSD will be able to do that.

We can see it as the question about BTC and other coins trying to "topple" it in different ways and metrics in people's heads only.

Will it happen? - Probably not. Just like in this situation.

[el kaka22]

After printing lots of money by pumping and dumping the XRP coin, what else you could expect from Ripple Labs (I am not sure their company name is still the same or changed to something for not tracking back their footprints; yeah I remember ripple and xrp are interchangeably used to denote their company and their coin).

Now, after lots of trends like defi and nft, stablecoin seems a new way to make money in altcoin space, it seems. I remember, waves was the one who failed with their stablecoin due to lack of support from the crypto community (their stablecoin got de-pegged due to higher selling pressure). I guess, for me, tether and USDC alone enough as of now because I am not holding any of them but just using them for payments (where BTC payment is not available).