출처: Block Media
# Passage of GENIUS Act Fuels Buzz Around RLUSD and XRP's Potential Market Leadership
By Choi Chang-hwan, Block Media
The recent passage of the GENIUS Act in the United States has ignited intense discussions within the cryptocurrency community about the potential game-changing impact of Ripple's stablecoin, RLUSD, and its native cryptocurrency, XRP. Industry analysts suggest that Tether (USDT), the current behemoth in the stablecoin sector, might face significant challenges to its dominance.
Versan Aljarrah, co-founder of Black Swan Capitalist, has been vocal on social media about the potential shift in the stablecoin hierarchy. Aljarrah insists that RLUSD and XRP are positioned to eclipse Tether's stronghold within months, signaling a transformative moment for the market. He even speculated that the GENIUS Act opens the door for the U.S. Treasury to leverage RLUSD as a global benchmark for a digital dollar.
“Now that the Stablecoin Bill has officially passed, let me walk you through how this will unfold in the coming months and into next year. RLUSD is the Treasury's vehicle for globalizing the digital dollar while simultaneously driving new demand for the U.S. financial system,” Aljarrah tweeted on July 19, 2025.
# RLUSD: Fully Backed and Compliant with GENIUS Act Standards
One of RLUSD’s standout features, according to Aljarrah, is its full backing by U.S. dollars, treasury bonds, and other cash-equivalent assets, making it fully compliant with the GENIUS Act's rigorous regulatory framework. He pointed out that the use of XRP Ledger for liquidity mechanisms makes RLUSD not only regulatory-friendly but also a key enabler of seamless trustless cross-border transactions.
Aljarrah explained: “Tokenizing U.S. treasuries and pairing them with XRP’s liquidity enables RLUSD to operate as a real-time settlement mechanism for international transactions. This represents the evolution of value transfer in a world gradually shifting away from SWIFT.”
# What Does the GENIUS Act Mean for Stablecoin Regulation?
The GENIUS Act, the U.S.'s first federal legislation focused on regulating stablecoins, marks a watershed moment in financial oversight. After clearing the House of Representatives, the bill was signed into law by former President Donald Trump. The act sets forth strict guidelines for stablecoin issuers, reshaping the competitive landscape.
Aljarrah predicts increased regulatory scrutiny and mandatory audits for noncompliant or under-collateralized stablecoins, a move he believes will channel liquidity toward RLUSD. While Tether (USDT) currently reigns supreme with a $161 billion market cap compared to RLUSD's relatively modest $527 million, Aljarrah is confident the tide is about to turn.
Tether has responded by exploring the issuance of a U.S.-compliant stablecoin to address mounting regulatory pressures. However, Aljarrah was quick to dismiss these efforts, stating, “The era of offshore stablecoins is over. Tether’s shadow banking model and role as a key liquidity provider are nearing their end.”
# Could Gold-Backed Stablecoins Be the Next Big Thing?
Envisioning the next stage of stablecoin innovation, Aljarrah speculated that a gold-backed stablecoin could be on the horizon, potentially built on the XRP Ledger. He hinted that the U.S. Treasury may introduce gold-backed digital tokens aimed at setting a new "standard of trust" in digital assets post-GENIUS Act.
Aljarrah's comments have fueled growing curiosity about how such a development could not only reshape the trust factor in the crypto market but also further solidify RLUSD’s position as a regulatory-friendly stablecoin. This idea could lay the foundation for new asset-backed digital currencies in the crypto ecosystem.
# Ripple Effects on the Crypto Landscape
These developments are sending shockwaves through the crypto community. Market watchers are keenly analyzing how the GENIUS Act, along with RLUSD and XRP’s anticipated rise, could disrupt the positioning of entrenched stablecoin giants like Tether. With heightened regulatory clarity, the crypto market is seemingly at the brink of a fundamental shift.
As global policymakers ramp up oversight and regulation of digital assets, the stablecoin landscape is poised for a dramatic evolution. Established players, once insulated by lax regulatory environments, face stiff competition from emerging innovators that comply with these more stringent frameworks. These changes are not merely speculative—they represent the direction in which the future of global finance appears to be heading.
