Experts comments amid RLUSD and MoonPay Partnership

Industry leaders MoonPay CEO Ivan Soto-Wright and Uphold’s Nancy Beaton highlight stablecoins as a transformative ‘killer use case’ for the crypto industry.

These remarks follow Ripple and MoonPay’s announcement of a partnership in which they highlighted the potential of stablecoins to modernize payment systems and unlock greater financial access.

Soto-Wright sees Ripple (XRP) USD and its value proposition as the block from which inclusive and competitive financial ecosystems can emerge. With the token, these global users will be able to deposit USD directly into their accounts and seamlessly transact from supported wallets and marketplaces. “It’s not over until the user experience for crypto is better than your bank,” he said, calling stablecoin the best use case crypto has to offer.

Ripple announced the RLUSD stablecoin, its USD-pegged digital asset on the XRP Ledger, on December 17, and this digital asset will now be available through MoonPay. This crypto exchange specializes in moving in and out of fiat to crypto. The partnership aims to strengthen stablecoin usage while offering users the convenience of depositing traditional USD and using RLUSD directly in supported wallets and marketplaces.

Nancy Beaton of digital wallet and exchange platform Uphold touted the accessibility and legal disclosure of stablecoins like RLUSD. “Stablecoins are the perfect use case for crypto right now,” he said, noting the cost-effectiveness, speed and payment convenience that stablecoins bring to the table twenty-four hours a day, seven days a week. Beaton noted that RLUSD will also be available on the Uphold platform.

Ripple’s RLUSD stablecoin, now integrated with MoonPay and Uphold, is an example of how stablecoins have become indispensable in modern financial ecosystems.

Stablecoins are the next big thing:

Stablecoins are a “killer use case” for cryptocurrency because they solve one of the biggest problems in the financial ecosystem: volatility. Their value, often pegged to stable assets such as the U.S. dollar or Treasury bonds, makes them especially useful for practical activities such as daily payments, savings, and even lending. Once limited to serving as a digital cash equivalent for crypto traders, stablecoins have evolved into a flexible financial tool used for everything from cross-border payments to low-cost, instant transactions, an effective alternative to traditional remittance services.

As previously reported by Crypto.news, Stablecoins have demonstrated their scalability with record levels of activity, such as the $5.5 trillion valuation set in the first quarter of 2024. Bringing the transparency and efficiency of blockchain technology to the stability of traditional currencies could strengthen the dominance of the US dollar. and we will reshape the global financial system.