💰 RLUSD Shakes Hands With Wall Street Titans – Who’s Blinking? 😏

by

Markets

What to know (or pretend to):

  • Ripple‘s RLUSD, that stablecoin nobody asked for but got anyway, is now cozying up to BlackRock and VanEck like a socially awkward cousin at a wedding. 🥂
  • A new smart contract-because blockchain definitely needed another one-lets investors swap shares for RLUSD, because nothing says “innovation” like reinventing bank transfers with extra steps. 🔄
  • RLUSD promises to be “backed 1:1” (just like every stablecoin ever, until suddenly it isn’t). Regulators nodded sleepily in approval. 😴

Ripple’s RLUSD, the stablecoin that somehow still exists, has slithered its way into BlackRock and VanEck’s tokenized funds. Investors can now redeem shares for RLUSD-because who wouldn’t trade Wall Street’s paper promises for crypto’s paper promises? 📜

Thanks to Securitize’s latest smart contract (patent pending: “How to Make Simple Things Complicated”), fund shares can now be swapped for RLUSD at any hour. Because midnight liquidity crises are all the rage these days. 🌙

Ripple insists this positions RLUSD as a “settlement layer” for real-world assets-a fancy way of saying they’re trying very hard to be relevant in a world that mostly shrugs at them. 🤷‍♂️

Jack McDonald, Ripple’s SVP of Stablecoins (yes, that’s a real job), declared this partnership “a natural next step,” which roughly translates to: “Please notice us, traditional finance!” 🥺

RLUSD, backed by “liquid reserves” (trust us, bro), has somehow scraped together $700 million in circulation. Mostly used by people who confuse “regulatory compliance” with “actually useful.” 📊

And because one blockchain isn’t enough, RLUSD may soon clutter the XRP Ledger too-because nothing completes a regulatory-friendly stablecoin like tossing it into DeFi’s wild west. 🤠

Read More

2025-09-24 11:29