Latest developments regarding banks minting USD on the XRP Ledger

crypthub

about 2 hours ago

Bank‑Issued Stablecoins on XRPL

Bill Morgan highlighted Braza USDB’s $90 million supply, minted by a licensed foreign‑exchange bank in Brazil and residing entirely on the XRP Ledger. He noted that RLUSD leads the RWA league table with $396.7 million across multiple blockchains, while Braza ranks fourth with a 17.28% 30‑day rise. The data shows a growing presence of regulated dollar‑backed tokens on XRPL.

Implications for XRP Usage

Vincent Van Code initially warned that banks creating USD on XRPL might diminish XRP’s role. He then explained that diverse stablecoins—USDB, USDG, RLUSD—will need to interact in liquidity pools, AMMs, and DEXs. This interoperability creates a demand for a common bridge asset.

XRP as Potential Bridge Asset

Vincent argues XRP is well‑positioned to become the denominator that links these stablecoins. Increased stablecoin activity could boost overall network traffic while requiring XRP‑based liquidity solutions. Supporters view this growth as complementary to XRP rather than competitive.