Because tye RLUDS has no value itself yes they say you can exchange a 1 to 1 US dollar but how can I trust Ripple will do so??? How do I know that RLUSD will have value.... Brad the CEO said they will back it with US treasury bonds.... and also a little know crypto currency you may have heard about called XRP.
Thanks Zach, very wise words. Your channel is becoming one of my favourite Crypto channels. No BS, no hype train, just an honest point of view, and i find that refreshing
Ok so lets say XRP goes to $50 and you want to take some profits. Are you converting it back to fiat and transferring it to your bank account, are you converting it into a stable coin? How do you suggest taking profits?
Maybe is it just me, but I don't think Zach answered the most important question that every XRP holders are asking. HOW IS $RLUSD IS GOING TO INCREASE $XRP PRICE?? IF $RLUSD =$1 and you can cash out $RLUSD back to $1 easily, why use $XRP or purchase $XRP that is higher than $1??? Why not do all the transactions in $RLUSD instead of using $XRP?? Most $XRP holders probably thought that market cap for $RLUSD = $XRP and that is how $XRP could go up to $10 $100.... If you can send money to others only using $RLUSD just like $USDT and $USDC, why is $XRP or any other banking coins like $XLM $XDC $ALGO $HBAR are needed?
Can RLUSD utilize the Ripple Ledger, without XRP, as a digital bridge currency, or does it need XRP to move across the ledger? Thanks for the clarification.
I heard you slip in casino coin... lol I got so much of that, even did the whole conversion years back... hope it blows up, since it's on the ledger... keep up the good work
Zach what is your opinion on this? Correct, RLUSD likely won’t drive significant demand for XRP in a way that would impact its price. Here’s why: 1. Independent Use Case: RLUSD operates as a stablecoin pegged to the US dollar, primarily for settlement and transactional purposes. It doesn’t inherently require XRP for its function, especially when transactions occur directly on the XRPL without involving XRP as a bridge. 2. Limited XRP Bridge Demand: XRP’s primary utility as a bridge currency comes into play when transferring value between currencies or networks that lack direct interoperability. Since RLUSD is native to the XRPL, there’s no need to convert it to XRP unless users choose to trade it for XRP or another asset. 3. Adoption Scope: Even if RLUSD gains adoption, its direct use on the XRPL would bypass XRP unless specific use cases explicitly demand XRP. For example, RLUSD users could transact purely in RLUSD without touching XRP. Could you share your light on this? Thank you in advance
Incredible video, super insightful! 👏 You made XRP really engaging and easy to understand. Speaking of innovative projects, Step Finance has been creating quite a buzz. Would love to see a breakdown of what they’re up to in the DeFi world, especially with all their new updates! 💥
Stable coins are great business. You send $1Million to ripple, they send you $1million RLUSD. Ripple sits and earns interest on your $1million while your RLUSD slowly devalues with the USD.
ledger imo is not among the most secure cold wallets. tho it may not be ledgers fault, a user lost 10BTC from a ledger, as it appears he interacted with a malicious contract years ago, and the hacker/scammer "woke up" and liquidated his holdings. (plus 1.5 million in nfts)
Wonder..Thinking out loud. RLUSD is approved, Could it be the RLUSD will not roll out publicly until XRP moves to that ATH that many are expecting. think on that and what that would do for BOTH SIDES>>>>XRP/RLUSD transactions and fees will BENEFIT BOTH HOLDERS therefore its another win-win.
It's from parabola and it's a U shaped curve used in math...but people use it in stock only thinking of a sharp upside curve (the back half of the "U")...in hopes of sounding intelligent
Zach, youtuber Mickle is promoting followers to open XRP nodes in order to strengthen the system. He wants to get the word out to followers. I mentioned you and the Staple Crew, I think it’s a great idea.
In other videos ive seen the programers of RLUSD said it will be back by treasury and also with the value XRP. And also XRP will be backing all the other ripple stable coin products such as RL Yen for Japan.... RL Pound for the UK.... RL Euro... RL Franc.... so on and so forth... so with XRP the backing for all their profucts i wonder how much XRP will be? Yeah that's the million dollar question.
You have the same shirt on as your video 21 hours ago lol. Do you make a bunch of videos at once ? Then submit them later. Or do you not change your clothes like that mickle guy ?
Everything is hype , it’s amazing the hopium it’s insane , rlusd will go live and xrp will maybe get to 3 bucks , sit back and watch it will be a nothing burger history the last 3 years proves it !!
I've been looking into cryptocurrency investments, but I'm stīll unsure about the best and safest way to go about it. Any advice or insights you could share?
if RL-- take world domination XRP will burn at less 10,000,000 a day on a burn rate of .00001 per a transaction if it’s doing 1 trillion a day. XRP will be scarce. XRP will be so valuable. .00001 XRP will worth more then $100+ more per a transaction if it keep on burning. It’s going to cost so much per a transaction that it will be to expensive to use.
tether can totally become legit while screwing over RLUSD in the process, here's how: 1) print 1 trillion USDT from thin air. 2) exchange USDT to RLUSD at some exchange. 3) shut down tether after cashing out RLUSD for fiat. 4) now ripple will be holding the USDT bag.
Can you explain where the rlusd is better than usdt. Thether is backed by bitcoin and bonds. Which xrp are getting burned on a transaction and who pays for it ripple? If i undestood that correct you can provide better liquidity pairs for useless unkown shitcoins on a DEX and thats what rlusd makes better than usdt?
Incredible video, super insightful! 👏 You made XRP really engaging and easy to understand. Speaking of innovative projects, Step Finance has been creating quite a buzz. Would love to see a breakdown of what they’re up to in the DeFi world, especially with all their new updates! 💥
Thank you for being a great teacher and keeping us informed. I am 74 yo and learning for 7 years now about this arena. Bravo Zach!
WE wear the same shoes...same age and years of involvement...never too late!
Here's my buzz breakdown: start with pluss 1661, follow with 438, and finish strong at 1211. Your message would be appreciated
Make a video on POLKADOT!!
I want to know more about it too!
Polkadot to the moon
Almost 100k, you got this.
RLUSD Let’s go!
@ Zach Rector we already know RLUSD was approved. The news would be when it's live my brotha. 😂😂
Anyone else remember ethgate?!? BOYCOTT eth!!!
When is it going live that’s the question?
THe crazy thing I haven't heard anyone talk about is, both $XRP and $RLUSD are both going to be in the top 5 for trading volumes.
Thanks Zack, great content!!!
Great info as always Zach 👊
How does XRP benifit from RLUSD. Cause XRP price increase, etc.
I want to know this too
@@Sparks5261A me too
Just be ready to be underwhelmed
@@justaman1721Negative Nancy 😂
Because tye RLUDS has no value itself yes they say you can exchange a 1 to 1 US dollar but how can I trust Ripple will do so??? How do I know that RLUSD will have value.... Brad the CEO said they will back it with US treasury bonds.... and also a little know crypto currency you may have heard about called XRP.
How does rlusd affect price of xrp?
Thanks Zach, very wise words. Your channel is becoming one of my favourite Crypto channels. No BS, no hype train, just an honest point of view, and i find that refreshing
Glad you enjoy it!
Ok so lets say XRP goes to $50 and you want to take some profits. Are you converting it back to fiat and transferring it to your bank account, are you converting it into a stable coin? How do you suggest taking profits?
In future you move the profits from XRP to RLUSD (stablecoin). Wait for the next dip and re-invest again. 🎉😊
Cash is king
@@amg4577once it goes up it wont come back down take profits
@@cornstar1253 silver is King
@@cornstar1253when it's not easy to manipulate
Thank you Zach, excellent synopsis!!
Can you explain trust line please
Maybe is it just me, but I don't think Zach answered the most important question that every XRP holders are asking. HOW IS $RLUSD IS GOING TO INCREASE $XRP PRICE?? IF $RLUSD =$1 and you can cash out $RLUSD back to $1 easily, why use $XRP or purchase $XRP that is higher than $1??? Why not do all the transactions in $RLUSD instead of using $XRP?? Most $XRP holders probably thought that market cap for $RLUSD = $XRP and that is how $XRP could go up to $10 $100.... If you can send money to others only using $RLUSD just like $USDT and $USDC, why is $XRP or any other banking coins like $XLM $XDC $ALGO $HBAR are needed?
Does not work like that, it's the XRP used in the transactions that will increase price
I will answer that in my next video!
@@Rector94 I can't wait! Thanks!
What’s does that mean for the price of xrp ?
Zach,
Wha is AMM?
Will you be able to store RLUSD in an XRP wallet like you can store TETHER in an ETHEREUM wallet or other Layer 1 Blockchains?
What the hell is the AMM ?
Thanks Zach 👍
Why ETH?
I cant stop smiling do you people actually know whats coming hahajahah we are ritchhhh
🤫
😆😅🤣😂🤑
Then you can pay for spelling lessons 😂
@@TurnMaster Savage level 9000! 😅
Xrp 10 dollars and you al are happy for 10 dollar
It’ll get to $15 max, sadly not enough to make me rich
Hey Zach, can you tell something more about lending your XRP??
Can RLUSD utilize the Ripple Ledger, without XRP, as a digital bridge currency, or does it need XRP to move across the ledger? Thanks for the clarification.
Every transaction on the XRPL burns XRP
@@Rector94 who owns the XRP that gets burned?
Is it going to be anchored to the US Dollar or will there be a tie in to other countries currency?
It will be tied to the dollar. Additional stablecoins for other currencies will come to the XRPL too though
@ but the value will be the USD. Is this why the US is trying to get ahead of the game? To make sure the USD is still the world currency standard?
I heard you slip in casino coin... lol I got so much of that, even did the whole conversion years back... hope it blows up, since it's on the ledger... keep up the good work
Thanks!!!!!
Better distribution for now
Are we going live today or not?
Haven’t seen any news yet
Not sure how I feel about the XRP logo on the hand like Logans Run.
UPHOLD?
Does RLUSD and its use have any effect on XRP price?
LETS GOOO ‼️‼️‼️
ONLY THE BEGINNING FOR XRP
WE ARE JUST WARMING UP
XRP WILL BE HUGE
LITERALLY THE WHOLE WORLD TALKING ABOUT XRP AND BUYING IN 💪🏽
Zach what is your opinion on this?
Correct, RLUSD likely won’t drive significant demand for XRP in a way that would impact its price. Here’s why:
1. Independent Use Case: RLUSD operates as a stablecoin pegged to the US dollar, primarily for settlement and transactional purposes. It doesn’t inherently require XRP for its function, especially when transactions occur directly on the XRPL without involving XRP as a bridge.
2. Limited XRP Bridge Demand: XRP’s primary utility as a bridge currency comes into play when transferring value between currencies or networks that lack direct interoperability. Since RLUSD is native to the XRPL, there’s no need to convert it to XRP unless users choose to trade it for XRP or another asset.
3. Adoption Scope: Even if RLUSD gains adoption, its direct use on the XRPL would bypass XRP unless specific use cases explicitly demand XRP. For example, RLUSD users could transact purely in RLUSD without touching XRP.
Could you share your light on this?
Thank you in advance
I was air dropped phili inu. Is it a scam coin?
Thanks!✌
Hey Zach, do you know anything about the partnership with Elysia? Could it also involve a liquidity pool?
Hoping that Tangem will offer RLUSD.
Time is now buy xrp or miss out.
Incredible video, super insightful! 👏 You made XRP really engaging and easy to understand. Speaking of innovative projects, Step Finance has been creating quite a buzz. Would love to see a breakdown of what they’re up to in the DeFi world, especially with all their new updates! 💥
Can anyone advise on the best Crypto wallet to use.. I keep hearing how they all can be hacked .. thx
Zach will the RLUSD coin that is on the XRPL have any gas fees. Or will it be just like dealing with a XRP token.
Thanks Zach, will xrp price go up as money goes into rlusd, I don't understand the role of xrp in all of this
Few understand...
do banks have to go to exchanges to change rlusd to fiat? if so, that would be a huge friction point.
Ahhh when. I was watching it as it rose over the first night. All their buddy's in first it went up 100 percent
GO RLUSD!!!!
So will RLUSD launch any minute? Like, could it happen outside of business hours, on the weekend, in our sleep?
Stable coins are great business. You send $1Million to ripple, they send you $1million RLUSD. Ripple sits and earns interest on your $1million while your RLUSD slowly devalues with the USD.
What does “ RLUSD” mean?
Ripple Labs US Dollar
just sent you a request for your thoughts on the XUM wallet verses the Ledger nano s
ledger imo is not among the most secure cold wallets. tho it may not be ledgers fault, a user lost 10BTC from a ledger, as it appears he interacted with a malicious contract years ago, and the hacker/scammer "woke up" and liquidated his holdings. (plus 1.5 million in nfts)
Wonder..Thinking out loud. RLUSD is approved, Could it be the RLUSD will not roll out publicly until XRP moves to that ATH that many are expecting. think on that and what that would do for BOTH SIDES>>>>XRP/RLUSD transactions and fees will BENEFIT BOTH HOLDERS therefore its another win-win.
Question, what constitutes “Parabolic?” You said that XRP was going Parabolic.
It's from parabola and it's a U shaped curve used in math...but people use it in stock only thinking of a sharp upside curve (the back half of the "U")...in hopes of sounding intelligent
Sure, I’d operate a node for greater XRP ODL
I knew that 😊 I am finally feeling like I have a handle on all of this now 😊
XRP to RLUSD to Fiat 👀
Can Accredited Investors buy direct from Ripple or just institutional investors?
Zach attack!!!!!
The only way you'll be able to cash out of XRP is trough RLUSD. That way the US Gov will always hold XRP.
huh?
So many bots....
XRP 🔥🔥🔥
What happens to RLUSD if the dollar collapses?
Lol
It collapses
@@jasonfullen5748 it rises like the phoenix
@AstroBear11 lol
And the wonder Y i am so BULLISH !!!!
Algorithm 🔥 push
I’m confused. What’s the difference between RLUSD and ripple what’s the difference guys?
Ripple is the company that made rlusd
Zach, youtuber Mickle is promoting followers to open XRP nodes in order to strengthen the system. He wants to get the word out to followers. I mentioned you and the Staple Crew, I think it’s a great idea.
Yes, I witnessed your support with Mickel, great work champ… NODES UP 🆙
Is this simple enough a country bumpkin can understand it?@@legacyrydeshare3478
😂 I doubt people will run their own node... changes nothing
Do I get paid in XRP for running a node or do I bear all costs?
@@Marcus-Brutusu don’t get paid for running xrp node
In other videos ive seen the programers of RLUSD said it will be back by treasury and also with the value XRP. And also XRP will be backing all the other ripple stable coin products such as RL Yen for Japan.... RL Pound for the UK.... RL Euro... RL Franc.... so on and so forth... so with XRP the backing for all their profucts i wonder how much XRP will be? Yeah that's the million dollar question.
We keep rejecting from this 2.40 level for almost 10 days now
Go live on a Friday 😂😂😂. Sure, I’ll hold my breath on that🙄
You have the same shirt on as your video 21 hours ago lol. Do you make a bunch of videos at once ? Then submit them later. Or do you not change your clothes like that mickle guy ?
This video was recorded yesterday.
I'm betting next week it will come out right after the fomc meeting and we'll maybe see a little dippy do down to around $2 again.
If I invest in RLUSD can I earn interest if so, how much interest can I expect to make on my investment?
RLUSD is a dollar, 1 to 1 backed...it's just a digital dollar.
Da cotto says yes ,to the muther fookin moon❤
Not ready won't be till mid January 😂😂😂
I assume they are taking 1 XRP and making the drops from it into USDs. . 1 XRP is 1 Million Drops . 1000 XRP can make 1 billion RLUSDs
POLKADOT POLAKADOT POLKADOT
Everything is hype , it’s amazing the hopium it’s insane , rlusd will go live and xrp will maybe get to 3 bucks , sit back and watch it will be a nothing burger history the last 3 years proves it !!
RLUSD will soon take the attention from XRP. And XRP will be maybe $2.65 topps
I've been looking into cryptocurrency investments, but I'm stīll unsure about the best and safest way to go about it. Any advice or insights you could share?
A beginner should just stay in the top 10 coins and DCA
why no launch yet? I'm confused. Nothing from Brad since NYDFS approval
They have to get all of the exchanges set up
Any moment any week any month maby after the bullrun who tf knows?
Anyone seen will fix
He's friends with Zak not seen him
He just posted a couple of days ago. Him and Maximus were hanging out Thanksgiving weekend!
RLUSD Q.E AKA MONEY PRINTER GOES BURRRR
Pump XRP
if RL-- take world domination XRP will burn at less 10,000,000 a day on a burn rate of .00001 per a transaction if it’s doing 1 trillion a day. XRP will be scarce. XRP will be so valuable. .00001 XRP will worth more then $100+ more per a transaction if it keep on burning. It’s going to cost so much per a transaction that it will be to expensive to use.
❤❤❤
tether can totally become legit while screwing over RLUSD in the process, here's how:
1) print 1 trillion USDT from thin air.
2) exchange USDT to RLUSD at some exchange.
3) shut down tether after cashing out RLUSD for fiat.
4) now ripple will be holding the USDT bag.
🤙
Wear the red TRUMP T SHIRT!!! YOU LOOK BETTER IN RED.
Xrp now down
You sure talk a lot but you don’t say anything.
Can you explain where the rlusd is better than usdt.
Thether is backed by bitcoin and bonds.
Which xrp are getting burned on a transaction and who pays for it ripple?
If i undestood that correct you can provide better liquidity pairs for useless unkown shitcoins on a DEX and thats what rlusd makes better than usdt?
So wait a minute... does RLUSD transactions burn XRP? Or not.. I need to know this.
Yes it does
@BerkaniMadridista okay thank you
RLUSD will NOT go live until January at the very soonest
Incredible video, super insightful! 👏 You made XRP really engaging and easy to understand. Speaking of innovative projects, Step Finance has been creating quite a buzz. Would love to see a breakdown of what they’re up to in the DeFi world, especially with all their new updates! 💥