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๐จ Is the RLUSD dollar a candidate from Bank of America? ๐ต๐ฅ
Amid the global race for stablecoins, the RLUSD pair from Ripple emerges as the top official candidate from Bank of America ๐บ๐ธ!
๐น The currency is backed by strong regulation from NYDFS
๐น Usable on both XRP Ledger and Ethereum networks
๐น 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 supplyโฆ ๐ฅ
โ๏ธ My personal opinion:
If RLUSD is adopted by Bank of America, itโs not just support for Rippleโฆ but the beginning of a global institutional shift towards a new type of stablecoins โ coins that burn and benefit the entire ecosystem! ๐ฅ
The question for you:
Do you think RLUSD will change the game in the stablecoin market?
๐ Yes, it will dominate due to XRP's popularity
โค๏ธ A good step but it needs broader adoption
๐ No, the competition is too strong from USDT and USDC
โถ๏ธ YT | ๐ท IG | ๐ TT | ๐ฃ X | ๐ฅ FB | ๐ป SC
#XRP #Ripple #RLUSD #digital_currencies #stablecoins #Bank_of_America #crypto #bitcoin #crypto_news #ุงุณุชุซู ุงุฑ_ุฑูู ู #Emarati_Tech
