#GENIUS稳定币法案 Brothers, today let's discuss something that has a particularly big impact on the crypto world: The (GENIUS Act) has passed. This is not an ordinary piece of legislation, but it directly turns the 'gray area' of stablecoins into a 'sunshine track'.
The stablecoin market currently stands at a staggering $261 billion; who holds the majority? USDT accounts for more than half. So why does RLUSD claim it wants to challenge USDT's position? Let's break it down one by one.
What exactly does the (GENIUS Act) say?
This legislation essentially does three things:
Whoever issues stablecoins must have sufficient dollars or equivalent assets as backing. No more 'empty-handed schemes'.
There must be third-party audits; it’s not enough for someone to just say it's reliable; there needs to be evidence.
Operating with a license; not everyone can issue coins.
In simple terms, it has transitioned from 'underground issuance' to 'licensed operation', particularly suitable for institutional entry.
Can RLUSD replace USDT?
To be honest, it's still too early to say that RLUSD will surpass USDT. USDT currently has deep integration in global exchanges, DApps, and cross-chain bridges, making it not easily replaceable in the short term.
From the perspective of compliance and trust, USDT has a 'first mover advantage', while RLUSD is the 'latecomer regular army'. As regulations are implemented, institutions may be more inclined to use a 'safe and compliant' coin, especially in strictly regulated markets like Europe and the United States.
Crypto expert SMQKE also mentioned that RLUSD launched faster than many central bank digital currencies (CBDCs) and has high flexibility, unrestricted by geography, which gives it a head start in global payments.
What should retail investors pay attention to?
It's not about whether you rush in to buy RLUSD now, but you need to consider:
The actual speed of RLUSD's implementation, such as which bank or enterprise is truly using it for settlement.
Has the amount of XRP burned increased significantly?
Has Ripple further obtained large compliance licenses in Europe and the United States?
If these indicators are realized one by one, then the price of XRP and the status of RLUSD can be considered 'truly on track'.
To summarize:
XRP may rise in price due to the widespread use of RLUSD, but this path is more like a marathon, not a sprint.
If you hold XRP now, don't be in a hurry to leave; if you haven't entered yet, it's advisable not to chase the highs. Consider the situation on the ground and the flow of funds before deciding to enter.
If you want me to continue tracking the on-chain data and adoption rate changes of RLUSD and XRP, remember to follow me, and I will keep updating!
