Discussions around whether the Ripple Stabilized Currency RLUSD will weaken the use of XRP have recently risen again. Following an interview with the founder of Black Swan Capitalist, Versan Aljarrah, he stated that he did not believe that the two were a substitute for the relationship, but served the different elements of XRP Ledger.
RLUSD is in charge of the money portal.
According to the article, the role of the RLUSD is closer to a stable financial corridor in the chain of institutions. For agencies that wish to use United States dollar-compliant assets, RLUSD can lower the entry threshold and bring funds first to XRP Ledger.
Within this framework, the role of XRP is not to act as a vehicle of stable value, but to bridge between different currencies, payment systems or jurisdictions. In other words, RLUSD brings in dollars, and XRP transfers the value.
XRP is considered a bridge asset
According to Aljarrah, when RLUSD needs to be converted into other currencies or transferred between systems, there is a demand for intermediaries for XRP. As chain transactions increase, so do network fees, and XRPL's process mechanisms consume a small amount of XRP.
According to this article, the increase in stable currency transactions does not necessarily crush XRP, but may increase its use in cross-currency settlements. However, this judgement is still based primarily on the views of the interviewees and does not give data or institutional disclosures that are independently verifiable.
Level of institutional and bulk mobility
For the mobility structure on XRPL, Aljarrah considers it to be a stratification design in itself. Retail users provide mobility and gain, mainly through open AMM pools, while institutions rely more heavily on deeper sources of liquidity, such as direct bookkeeping, off-site trading arrangements and private liquidity facilities.
According to this, the growth in the volume of institutional transactions does not simply crowd in retail pools, but may increase the attractiveness of open liquidity pools by improving overall route efficiency and transaction revenue. This structure is described in the article as an institutional channel running in parallel with an open pool.
Japan and non-United States dollar energy settlement
Asked when the XRP would have more verifiable commodity settlement cases, Aljarrah mentioned that Japan, as well as non-dollar energy trade, could be a cause for concern.
In his view, it was more likely that in the future there would be a smaller number of chain cases that could be settled by company documents or regulatory disclosure records rather than being published through large-scale market publicity. In other words, a similar model could be replicated more quickly in other markets if a particular clearing line first proved cost and efficiency advantages.
The article says that the division is based on its use.
With regard to whether XRP would be able to move away from the same-to-do logic as bitcoin, the article cites Aljarrah ' s argument that the signal does not necessarily first appear in price, but in the direction of regulatory clarity, infrastructure development and institutional access.
In his view, if payment agencies, banks or central banks were to experiment more around XRPL capabilities, and bitcoin was to be seen more as a reserve asset, then the use difference was in itself a manifestation of fragmentation. The overall tone of the article is that while the market may still price assets in terms of narrative relevance, the pricing logic may change as real usage increases.