Ripple CTO David Schwartz expects RLUSD, Ripple Labs' new stablecoin, to boost XRP trading volume.
RLUSD acts as a bridge asset that can foster on-chain applications on the XRPL.
Schwartz anticipates RLUSD to contribute to the growth of on-chain applications such as RWA tokenization, foreign exchange, and settlement transactions on XRPL.
RLUSD is a fully regulated stablecoin that aims to simplify cross-border payments and is also available on the Ethereum network.