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🚨 Is the RLUSD dollar a candidate from Bank of America? 💵🔥
Amid the global race for stablecoins, the RLUSD pair from Ripple emerges as the top official candidate from Bank of America 🇺🇸!
🔹 The currency is backed by strong regulation from NYDFS
🔹 Usable on both XRP Ledger and Ethereum networks
🔹 And has the backing of major financial institutions like BNY Mellon
But the most important?
Every financial transaction using #RLUSD results in a fee burn in #XRP!
This means an increase in demand for XRP and a decrease in supply… 💥
✍️ My personal opinion:
If RLUSD is adopted by Bank of America, it’s not just support for Ripple… but the beginning of a global institutional shift towards a new type of stablecoins – coins that burn and benefit the entire ecosystem! 🔥
The question for you:
Do you think RLUSD will change the game in the stablecoin market?
📈 Yes, it will dominate due to XRP's popularity
❤️ A good step but it needs broader adoption
📉 No, the competition is too strong from USDT and USDC
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