The Circle’s USDC Stablecoin (USDC) was launched Thursday on XRP LEDGER (XRPL), bringing the token on a dollar to the users of the LAYER-1 blockchain network.
According to a RIPPLE announcement, the launch of the USDC on the platform will allow investors to use XRP as a bridge currency to transfer their stablecoins between decentralized exchanges (DEX) via an automatic bridging function. Markus Infanger, the main vice-president of Ripplex added:
“Stablecoins are key entry points connecting traditional financial markets to the cryptographic space – essential for use cases focused on public service rather than speculation.”
Support for the USDC on XRPL is involved in the middle of a concerted push to establish full stablecoin regulations in the United States, while the sector escapes more than $ 237 billion in market capitalization with geo-strategic and macroeconomic implications.
In relation: The interest of fortune 500 for the stablescoins triples compared to last year: Coinbase
Stablecoins become the focal point of protecting the US dollar
Stablecoin on Percussance issuers buy short -term American cash flow bills to support their digital fiat tokens, collecting the yield of these government titles as a profit.
An increasing number of American legislators and civil servants consider stablecoins as a means of alleviating the outburst by foreign countries unloading the debt of the United States due to concerns concerning the solvency of the United States government and the decline in the value of the US dollar.
While sovereign powers pour the American debt instruments, bond yields increase while investors demand higher interests to lend the government.
This, in turn, led to higher debt service costs for the government, which means that the national debt of 36 billions of dollars becomes even more expensive to maintain and further inflate the main amount due, creating a vicious circle of monetization of debt to reimburse the creditors and finance the budget.
During the Summit of the White House crypto on March 7, the US Treasury Secretary, Scott Bessent, promised to prioritize the development of the stable to protect the hegemony of the US dollar by taking advantage of the demand for stablecoins to increase the US dollar on a global scale.
https://www.youtube.com/watch?v=qmqka4otfig
However, criticisms of the Fiat system like Bitcoin (BTC) defend Max Keizer say that the consolidation plan for the drop in demand for the US dollar with stablescoins will only delay the inevitable collapse of the dollar but will not save it.
According to Keizer, the stable tokens supported by gold exceed ecunics at Pius in dollars for several reasons, including the high stock / flow ratio of Gold, which protects its value against rapid inflation and prices amortization, according to Keizer.
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