- Versan Aljarrah claims Ripple’s RLUSD, fully compliant and Treasury-backed, could become a key U.S. tool for global dollar reach.
- Aljarrah envisions RLUSD enabling real-time cross-border settlements using tokenized U.S. debt on XRP’s liquidity layer for efficiency.
U.S. lawmakers passed the GENIUS Act after extended negotiations. This legislation creates federal oversight for stablecoins. It mandates reserve transparency and operational standards. Regulators will supervise dollar-pegged digital assets. The law seeks to strengthen trust in these instruments.
Aljarrah Positions RLUSD as Treasury Tool
Black Swan Capitalist co-founder Versan Aljarrah states Ripple’s RLUSD could support U.S. monetary strategy. He suggests the Treasury might leverage this compliant stablecoin globally. Aljarrah claims RLUSD threatens Tether’s USDT dominance under the new law. RLUSD holds 1:1 dollar reserves and U.S. Treasuries. It operates natively on Ripple’s XRP Ledger.
Tokenized Debt Vision for Cross-Border Use
Aljarrah proposes using RLUSD for instant international settlements. His model combines tokenized U.S. debt with XRP’s liquidity network. He cites rising gold reserves and U.S. deficits as justification. Future gold-backed tokens on XRPL could enhance transparency, he suggests.
The GENIUS Act favors regulated options like RLUSD. Tether’s USDT currently meets 81.5% of requirements. It has 36 months for full compliance. Ripple’s existing infrastructure supports cross-chain asset transfers. Ethereum also benefits from regulatory clarity, with analysts eyeing $4,000 targets.
