SMQKE Says GENIUS Act Could Benefit XRP Through RLUSD Use

Crypto researcher SMQKE argued the GENIUS Act could benefit XRP through Ripple’s RLUSD, pointing to possible fee burns and a liquidity role if use of the stablecoin expands. The analysis SMQKE shared described RLUSD as running on the XRP Ledger and said its transactions generate small fees paid in XRP that are burned. It also said XRP could serve as a bridge currency for liquidity if RLUSD use grows in cross-border payments and remittances. SMQKE’s post followed the Office of the Comptroller of the Currency’s (OCC) finalization of rules on Wednesday, Oct.