Axelar Co-creation: RLUSD will increase the demand for XRP

Axelar's co-founder, Georgios Vlachos, suggests that Ripple's upcoming stablecoin RLUSD could potentially drive demand for XRP by 2025. The platform serves as a standard bridge connecting the XRP Ledger with XRPL EVM chain and 69 other blockchains.

Vlachos states that many users, including those in emerging economies, use stablecoins as a means of transaction and store of value. Transactions and remittances involving RLUSD will primarily be settled on the XRP Ledger (XRPL) and the XRP-EVM sidechain, thereby driving demand for XRP: "When you make these transfers, you need to pay gas fees in XRP. Therefore, holders of XRP still benefit because some amount of XRP is destroyed with each transaction."