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Highlights
- Black Swan Capitalist co-founder is tipping RLUSD to dominate the stablecoin landscape in the coming months.
- He cites the GENIUS Act as the prime catalyst for RLUSD's predicted growth spurt.
- Trump has signed the GENIUS Act into law, introducing the pioneering federal legislation for stablecoins.
In the wake of Donald Trump signing the GENIUS Act into law, Black Swan Capitalist co-founder Versan Aljarrah has tipped RLUSD to become the US Treasury’s vehicle to globalize the digital dollar. Aljarrah theorizes that RLUSD and XRP will topple Tether’s USDT in the coming months while highlighting XRPL’s broadening use cases in finance.
GENIUS Act To Power The Rise Of RLUSD and XRP
According to an X post, Versan Aljarrah is forecasting seismic changes to the stablecoin landscape triggered by the newly minted GENIUS Act. Right off the bat, Aljarrah opines that the stablecoin regulation provides a window for the US Treasury to adopt Ripple’s stablecoin, RLUSD, as the primary tool to advance a digital dollar, cementing the greenback as the global reserve currency.
The Black Swan Capitalist co-founder points to RLUSD’s regulatory compliance in line with the GENIUS Act. He notes that the Ripple stablecoin is “fully compliant” and fully backed by the US dollar, US treasury bills, and other cash equivalents.
Apart from its compliance with the GENIUS Act, Aljarrah states that the XRP Ledger will also play a key role in RLUSD’s incoming dominance in the space. He argues that the XRP Ledger’s liquidity layer provides a neutral and trustless settlement layer required for global commerce.
“By tokenizing U.S. debt and integrating it with XRP’s liquidity layer, RLUSD can enable real-time, cross-border settlements,” said Aljarrah. “This is how value moves globally in a post-SWIFT world.”
Following the passage of the GENIUS Act by the US House of Representatives, President Trump signed the bill into law, introducing a robust stablecoin regulation in the US.
Tether’s USDT To Lose Its Top Spot
Aljarrah is predicting Tether’s dominance over the stablecoin landscape to dwindle in the coming months. The co-founder argues that the GENIUS Act will increase audits and regulatory pressure for unregulated stablecoin issuers.
As a result, Aljarrah says capital will flow out of unregulated assets into fully compliant stablecoins like Ripple’s RLUSD. At the moment, Tether holds a clear lead over the stablecoin market with a market capitalization of $161 billion compared to RLUSD’s $527 million. Following the passage of the GENIUS Act, Tether unveiled plans to launch a US-based stablecoin in a valiant attempt at gaining regulatory clarity.
“The offshore game is over,” said Aljarrah. “Tether’s days as a shadow bank and liquidity provider are numbered.”
Furthermore, the Black Swan Capitalist co-founder points to XRP’s potential to house a gold-backed stablecoin. He notes that the next step after passing the GENIUS Act will be the launch of a gold-backed Treasury token in an attempt to “redefine trust in digital assets.” XRP has hit an ATH and currently trades at $3.43 as Ripple continues to mint new RLUSD tokens.
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