Expert Says Ripple and XRP Could Serve as Strategic Weapons for the US
Anders suggests that the United States could leverage Ripple’s expertise in cross-border payments and influence over XRP to position itself as a major leader in the finance and crypto sectors. The popular digital asset researcher made this assertion in a recent Xpost, emphasizing that the U.S. government could use Ripple and XRP as strategic weapons.
Trump Plans to Make US Crypto Capital of the World
It should be noted that during his campaign, Donald Trump promised to make the United States the crypto capital of the world. To achieve this goal, the U.S. President-Elect revealed a number of initiatives he would introduce once he became president.
This includes establishing a national Bitcoin stockpile, appointing a Crypto Czar to advocate for fair and transparent regulation for the industry, and keeping anti-crypto lawmakers away from the asset. Although Trump has not been inaugurated, he has taken significant steps to fulfill his campaign promises, such as appointing David O. Sacks as crypto czar.
Ripple Is Strategically Important to the US
With Trump’s inauguration scheduled for January 20, Anders suggested that Ripple is strategically important to the United States in order to elevate the country as the global leader in the finance and crypto sectors. He highlighted three major factors to support this claim.
Ripple Payment Solution
According to the expert, Ripple has developed a cutting-edge business-to-business (B2B) system for cross-border payments. The expert emphasized that Ripple, a U.S.-based company, controls this innovative payment solution, potentially giving the country an edge in the sector.
RLUSD Upcoming Launch
In addition, Anders suggested that Ripple’s upcoming stablecoin RLUSD could potentially boost USD adoption among global financial institutions. It is worth mentioning that Ripple is currently awaiting regulatory approval from the New York Department of Financial Services (NYDFS) to launch the stablecoin on Ethereum and XRP Ledger (XRPL) mainnets.
Once launched, Standard Custody & Trust Company will issue the stablecoin on Ripple’s behalf to several exchanges for public use. Additionally, Ripple will integrate the stablecoin into its payment solutions, allowing its clients to use it alongside XRP for cross-border settlements.
Ripple’s XRP Holdings
Furthermore, Anders highlighted Ripple’s massive holding of XRP as another strategic weapon for the United States. According to the expert, Ripple holds around 45% of XRP’s total supply, positioning the U.S.-based company as the largest holder of XRP.
He emphasized the importance of this achievement by referencing one of Trump’s campaign promises, which involves supporting all U.S.-based crypto companies and tokens.
Overall, the U.S. could leverage Ripple’s innovative payment solution, its XRP holdings, and its upcoming stablecoin as strategic weapons to maintain its leadership in the crypto and finance sectors.