GENIUS Act Becomes Law: Ripple’s RLUSD Set to Challenge US Stablecoin Market, XRP Price Unaffected
GENIUS Act Becomes Law: Ripple’s RLUSD Set to Challenge US Stablecoin Market, XRP Price Unaffected
President Donald Trump has signed the GENIUS Act into law, a landmark move that establishes a clear regulatory framework for stablecoin issuers in the United States. This new legislation is poised to significantly impact the crypto landscape, particularly benefiting companies like Ripple, which recently launched its new stablecoin, RLUSD.
Industry experts confirm that the GENIUS Act provides a crucial competitive advantage for stablecoins such as RLUSD and USDC in gaining institutional adoption. Ripple is now strategically positioned to become a native, on-shore liquidity provider in the U.S., directly competing with established players like Circle’s USDC and PayPal USD.
Despite Ripple’s strengthened stablecoin position, analysts caution that the GENIUS Act is expected to have a minimal direct impact on the price of XRP. Although RLUSD transactions will involve a small burn of XRP for network fees, this volume is negligible compared to XRP’s massive 59.1 billion coins in circulation. The ongoing SEC vs. Ripple lawsuit continues to cast a shadow over XRP’s classification, with its security status remaining ambiguous depending on the context of sales.
Future clarity for XRP’s classification, which could open doors for broader tokenization strategies, largely hinges on the potential passage of the proposed CLARITY Act.
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