CandleFocus Stablecoins are the “killer use case” for crypto, says experts amid MoonPay and RLUSD partnership
2024-12-20
Author: Content Editor
Industry leaders Ivan Soto-Wright of MoonPay and Nancy Beaton of Uphold have identified stablecoins as a game-changing use case for the crypto industry. They highlighted the partnership between Ripple and MoonPay and the potential of stablecoins to modernize payment systems and increase financial access. The introduction of Ripple's RLUSD stablecoin on the XRP Ledger will allow users to deposit USD directly into their accounts and transact seamlessly from supported wallets and marketplaces. Nancy Beaton emphasized the accessibility and regulatory transparency of stablecoins like RLUSD. The integration of RLUSD with MoonPay and Uphold showcases the increasing importance of stablecoins in financial ecosystems. Stablecoins are valued for their ability to reduce volatility and their application in daily payments, savings, lending, cross-border payments, and low-cost transactions. The scalability and efficiency of stablecoins could potentially reinforce the dominance of the US dollar and reshape the global financial system.
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