Controversy that Ripple’s stablecoin RLUSD is slowly undermining XRP’s performance has circulated through the crypto community for months. Versan Aljarrah, the founder of Black Swan Capitalist, has a completely different opinion, and he makes it very clear.
RLUSD and XRP Are Not Competing. They Are Two Parts.
In an interview with Coinpedia, Aljarrah answered this question publicly many times in his calculations, and his answer did not change. RLUSD is a liquidity supplement, not a replacement for XRP. These two tools perform different functions on the same book.
“RLUSD brings the easy dollars that institutions want,” Aljarrah told Coinpedia exclusively. “XRP is still the engine that moves value across all platforms effectively. It expands the market that can be traded instead of competing in the same space.”
The argument is that RLUSD acts as a regulated, stable system that gives organizations the comfort they need to put money on the XRP Ledger in the first place. Once capital is found on the ledger and needs to pass through money or territories, it needs a neutral economy to run smoothly.
That role, Aljarrah says, belongs to XRP. Any trade of RLUSD to another currency results in XRP becoming an intermediary. Transactions on the ledger burn XRP into fees, creating a direct drop from increased stablecoin volume.
How the Liquidity Model works
Aljarrah explained that XRPL was designed with these challenges in mind from the beginning. Ledger works on two types of liquid. Advertisers earn revenue by contributing to AMM’s public pools. Organizations, however, do not rely on the same sales pools. They achieve deep and stable investment by integrating direct ledgers, over the counter systems, and private vaults.
As the number of institutions grows in the ledger, it increases the overall interest rate and improves the efficiency of the process, which makes the provision of funds more visible to the trading partners over time and not less. This system separates the high-level segment processes from the yield pools while allowing them to all coordinate and benefit from network expansion.
An Introduction to Visualization
When asked which stable or organization will demonstrate the use of XRP in the trading of goods in a verified, documented way, Aljarrah pointed to Japan and non-dollar trading.
“When I look at the first documents on the chain to resolve where the tokenized or stablecoin is a representation of energy or property value and is bridged using XRP between two non-USD currencies or payment systems,” he said. “It will start slowly and become visible through corporate disclosures or regulatory filings rather than big sales announcements.”
His views focus on the post-OPEC energy trade divide and the growing desire among Middle Eastern producers and Asian consumers to reduce reliance on traditional banks and devalue the dollar. While one stable proves to be reliable and cost-effective at scale, others quickly follow because development conflicts are already being cleared and regulatory support from central banks and financial institutions is already in place.
Decoupling Signal Already Visible
Aljarrah was asked what the first measurable sign of XRP being removed from Bitcoin would look like, as he predicted that the cut would be gradual and then sudden. His answer was direct.
“The signal has been there for a while if you look beyond the price,” he said. “Regulatory clarity, infrastructure development, and institutional integration are being built around the XRP Ledger, not around Bitcoin.”
When payment providers, banks, and central bankers pass by or mention the power of XRPL while treating Bitcoin primarily as a storage asset, that is confusing. The market, he says, deliberately wastes valuable resources during construction. This creates what he described as a classic where everyone sees it coming but many are too late.
“It’s slow and quiet work,” Aljarrah said. “The emergency phase is reached when the real volume forces the market to return the goods based on their usage rather than their connection to the news.”
Consolidation and Confusion at the Same Time
On the question that Ripple can put XRP in the same time period in the existing economy while the original book disrupts the same, Aljarrah does not see any contradiction.
“Ripple can integrate XRP into the current infrastructure while the original ledger continues to provide benefits that existing players will have to adopt or compete with,” he said. “It’s not adversarial. It’s a multi-party process.”
One component works within existing systems to achieve implementation and scale. Another area uses technology to reduce conflict and peer pressure in ways that gradually shift energy levels. All of these work simultaneously at different times.
