Ripple's Big Move: RLUSD Takes Center Stage

Ripple has just launched a new tool called Ripple Treasury. It's a big deal because it helps companies manage their money and digital assets in one place. This is a smart move, as companies often struggle with keeping track of their cash spread across different accounts and countries.

Key Features of Ripple Treasury

• Real-time cash positions
• Automated forecasting
• Seamless reporting
• Handles traditional cash, digital assets, RLUSD, and XRP

The Rise of RLUSD

The new platform integrates RLUSD (Ripple's stablecoin) into its settlement tools, allowing for quick cross-border payments. With a market cap of over $1.4 billion, RLUSD could see a boost in usage. However, its transfer volume has been decreasing, so the real test will be if Ripple Treasury can change that.

Impact on the XRP Ledger (XRPL)

While RLUSD's transfer volume on XRPL is growing, most of it is on Ethereum. Ripple's platform could steer more activity towards XRPL, but it's not guaranteed. The platform also mentions an XRPL money market fund portal, which could be a plus for the ledger.

The Role of XRP

XRP is still part of the reporting layer, but stablecoins like RLUSD are often preferred for payments. If RLUSD becomes the go-to for settlements, XRP's role might become less important. However, it could still be useful as a bridge currency.

Conclusion

Ripple is trying to become a one-stop shop for corporate finance. The immediate beneficiary is RLUSD, but the real challenge is proving that XRP can hold its own in this new setup.