Why RLUSD Could Replace Tether as Top Stablecoin

• After Trump signed the GENIUS Act, Black Swan Capitalist predicts RLUSD will become the US Treasury’s digital dollar vehicle. 

• The new stablecoin regulations favor compliant tokens like RLUSD over unregulated competitors such as Tether’s USDT. 

• XRP Ledger’s settlement capabilities position it as key infrastructure for global digital commerce and cross-border payments.

Black Swan Capitalist co-founder Versan Aljarrah forecasts major shifts in the stablecoin market following President Trump’s signing of the landmark GENIUS Act, establishing a regulatory framework for the $250 billion stablecoin market. Aljarrah predicts Ripple’s RLUSD will become the US Treasury’s primary vehicle for globalizing the digital dollar.

The crypto analyst believes the comprehensive federal-state regulatory framework created by the GENIUS Act positions RLUSD as the ideal stablecoin for government adoption. Aljarrah notes RLUSD’s full compliance with the new regulations and its backing by US dollars, Treasury bills, and cash equivalents makes it uniquely positioned to serve as America’s digital currency infrastructure.

XRP Ledger’s Strategic Advantage in Global Commerce

Aljarrah emphasizes the XRP Ledger’s role as a neutral settlement layer for international transactions. The liquidity network enables real-time cross-border payments without relying on traditional SWIFT banking infrastructure.

“By tokenizing U.S. debt and integrating it with XRP’s liquidity layer, RLUSD can enable real-time, cross-border settlements,” Aljarrah stated. “This is how value moves globally in a post-SWIFT world.”

RLUSD has already reached over $500 million in market capitalization, demonstrating rapid adoption since its regulatory approval. The stablecoin operates on XRP Ledger and Ethereum networks, providing flexibility for various use cases.

The regulatory compliance requirements imposed by the GENIUS Act’s anti-money laundering and sanctions compliance programs create significant challenges for unregulated stablecoin issuers. Aljarrah predicts increased audit pressure will drive capital flows away from offshore stablecoins toward compliant alternatives.

Tether currently dominates with 67.21% of the $204-billion stablecoin market, but faces mounting regulatory scrutiny. The company announced plans for a US-based stablecoin to address compliance concerns following the passage of the GENIUS Act.

“The offshore game is over,” Aljarrah declared. “Tether’s days as a shadow bank and liquidity provider are numbered.”

Gold-Backed Stablecoin Development on Horizon

Looking beyond RLUSD’s dollar-pegged structure, Aljarrah anticipates the launch of a gold-backed Treasury token on the XRP Ledger. This development would create additional utility for XRP while providing an alternative store of value backed by precious metals.

XRP has responded positively to these developments, with current trading at elevated levels as Ripple continues minting new RLUSD tokens. The regulatory clarity provided by the GENIUS Act removes significant uncertainty that previously limited institutional adoption of compliant stablecoins.

The legislation represents the first major federal cryptocurrency regulation, establishing clear operational standards for stablecoin issuers while maintaining private sector innovation. Market observers expect accelerated adoption of compliant stablecoins as the regulatory framework takes effect over the coming months.