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RIPPLE CAPS RLUSD SUPPLY AT 53.1M: WHAT’S DRIVING THE MOVE?
▪️Ripple’s deliberate pacing of RLUSD issuance reflects a commitment to regulatory compliance and long-term ecosystem stability.
▪️Ripple CEO Brad Garlinghouse expressed confidence in the incoming Trump administration’s potential to boost crypto innovation and job growth.
Ripple’s launch of RLUSD stablecoin has stirred strong market sentiment, thereby giving the blockchain startup a strong footing in the rapidly evolving stablecoin market. However, the firm has introduced a 53.1 million supply cap on the RLUSD circulation, sparking curiosity about the company’s strategy.
In a thread on the X platform, popular crypto analyst Arthur noted that Ripple is making the controlled release of RLUSD stablecoin in order to preserve its value. As a result, the company is consciously curbing over-supply, which could otherwise lead to inflation and negatively impact market sentiment.
Ripple to Balnace RLUSD Supply and Demand to Prevent Inflation
Ripple seems to be exercising caution with RLUSD’s supply and holding off from issuing more tokens until market conditions indicate stronger demand. If they release too much RLUSD supply, it could increase the token’s perceived value and disrupt the balance of supply and demand.
This strategy underscores Ripple’s focus on ensuring RLUSD’s value remains sustainable and aligned with genuine market needs. By avoiding additional releases, the company aims to position RLUSD as a stable and reliable asset for both institutional and retail investors, noted Arthur.
It seems that Ripple is working to build a strong foundation that can drive the long-term value of RLUSD stablecoin, reported CNF. In the meantime, the company also plans for higher-order goals like exploring new markets and fostering partnerships while strengthening the stability of its broader ecosystem.
Regulatory hurdles may also influence the pace at which RLUSD is issued. By adopting a cautious yet deliberate approach, the company ensures compliance with regulations while positioning itself for potentially unprecedented future growth.
Brad Garlinghouse Hopeful Under Donald Trump’s Leadership
Ripple CEO Brad Garlinghouse stated that he remains hopeful as Donald Trump sets to take charge as US President ahead this month on January 20, reported CNF. In his message on the X platform, he wrote:
2025 is here and the Trump bull market is real. For Ripple, this is even more personal after Gensler’s SEC effectively froze our business opportunities here at home for years. The optimism is obvious and very deserved.
He also said that Ripple has signed more US deals in the last six weeks of 2024, after Donald Trump’s US election victory. Garlinghouse highlighted the proactive efforts of key figures like Scott Bessent, David Sacks, and Paul Atkins, who are poised to play significant roles in shaping U.S. economic policy.
“Team Trump is already driving innovation and job growth in the U.S., and they haven’t even taken office yet!” Garlinghouse noted. He added that the administration’s campaign and planned Day 1 priorities already contribute to a resurgence of interest and confidence in the crypto space.
@ Newshounds News™
Source: Crypto News Flash
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BRICS TO KEEP DITCHING THE US DOLLAR IN 2025: ALLIANCE CONFIRMS
On the heels of immense threats from the West and geopolitical concerns brewing, the BRICS economic alliance appears to remain steadfast in its commitment to ditching the US dollar in 2025. Indeed, the collective has seemingly confirmed the matter, as recent discussion pointed to their belief in de-dollarization as a certain necessity.
US President-elect Donald Trump has been outspoken in his defense of the greenback. Throughout this campaign for reelection, he continually reiterated the importance of keeping the dollar as the world’s currency. After his victory, he issued a warning to BRICS specifically, threatening 100% tariffs on the bloc seeking to create their own dollar alternative.
BRICS to Keep Ditching the US Dollar Despite Trump Threats And There’s One Key Reason Why
The last year has seen the BRICS economic alliance continue their notable ascent. Once just a five-nation collective, the group phase doubled in size with its most recent expansion. Moreover, it has big plans for the global economic market that have seen the West take an undeniably favorable stance.
Although Trump has warned of impending repercussions, the BRICS bloc has reiterated that they are likely to keep ditching the US dollar in 2025 through a recent confirmation. Indeed, the group discussed the reality that de-dollarization is a necessity so long as the United States continues doing one thing.
In a recent statement, former International Monetary Fund director and Brazilian economist Paulo Nogueira Batista Jr. discussed the fact that sanctions are driving the bloc’s actions. Batista spoke to Russian President Vladimir Putin directly and relayed the foundation of its financial actions as an alliance.
“We are not against the dollar. It is the dollar that is against us,” he said in a recent interview. “Cahellengin the dollar and the US economy would not be possible, and in any case, it’s not our objective. The BRICS will serve to make us immune to sanction.”
So long as the United States continues sanctioning nations like Russia and Iran, the BRICS bloc is unlikely to shift on its de-dollarization approaches. However, that has not stopped dissension within the group from forming.
India has recently spoken about its desire to work with the incoming Trump regime. Moreover, the president-elect stated that he has been in direct contact with China. Specifically, hinting at the country taking a similarly collaborative approach.
@ Newshounds News™
Source: Watcher Guru
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