- The launch of Ripple (XRP)'s stablecoin RLUSD highlights the potential for increased demand for Ripple by 2025.
- Paying gas fees in Ripple could lead to burning and increased demand for Ripple.
- The recent surge in Ripple's price is explained as positive in relation to the launch of this stablecoin.
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Ripple (XRP) has officially launched the stablecoin RLUSD, and there are claims that this stablecoin could positively impact the demand for Ripple.
According to Cointelegraph, a cryptocurrency-focused media outlet, Giorgos Vlachos, co-founder of Excella, stated in an interview that "RLUSD could lead to an increase in Ripple demand by 2025."
He noted the growing popularity of stablecoins in emerging markets. He explained, "In emerging economies, many people use stablecoins as a means of transaction and a store of value. Most RLUSD transactions and remittances will pay gas fees in Ripple. Ripple holders burn Ripple when making transactions, which could increase Ripple demand."
Over the past month, Ripple's price has surged. On November 16, Ripple was only $0.92, but as of 6:30 AM on the 16th (KST), it has surged 171.82% month-on-month to $2.38.
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