Why RLUSD Could Drive XRP Adoption, Per Jake Claver

Jake Claver, Chairman of Digital Ascension Group (DAG), recently floated the idea that Ripple's stablecoin $RLUSD could end up being one of the strongest catalysts for $XRP adoption. Claver pushed back on the worry that the stablecoin competes with $XRP as a bridge asset, arguing it actually helps the token.

Key Points: Jake Claver suggests that the Ripple stablecoin $RLUSD could become one of the biggest catalysts for $XRP adoption. He expects thousands of stablecoins and tokenized assets rather than one dominant global stablecoin. Multiple stablecoins may lead to fragmentation and create a need for a neutral bridge asset. $XRP acts as this neutral bridge asset, posing no counterparty risk with no central issuer. $RLUSD is not competing with $XRP but helping institutions enter the $XRP Ledger ecosystem.

$RLUSD and $XRP Working Together, Not Competing: According to Claver, many people misunderstand the purpose behind $RLUSD. Some believe Ripple launched the stablecoin because $XRP was unable to fulfill its role. However, Claver suggests that the opposite is true. He believes $RLUSD could help expand $XRP's use by bringing more institutions into blockchain-based financial systems. To him, the future of finance will depend less on retail investors and more on how banks, governments, payment companies, exchanges, and large businesses use digital dollars and other tokenized assets. Claver noted that as those organizations enter the space, $XRP may have an important role to play by helping move liquidity between different networks and financial products.

Tokenization Could Change Global Finance: Claver noted that tokenization is one of the biggest financial infrastructure changes. He expects a wide range of assets, including real estate, U.S. Treasuries, stocks, private equity, commodities, insurance products, carbon credits, and debt instruments, to move to blockchain networks. The market pundit mentioned a forecast from the Boston Consulting Group that estimates tokenization could become a $16 trillion market by 2030. Claver believes this figure could end up being too low because tokenization solves several long-standing problems in traditional finance. Today, real estate transactions can take between 60 and 90 days to settle. Cross-border payments often take several business days, private equity investments can lock up funds for years, and securities markets still rely on delayed settlement processes. He also highlighted the roughly $27 trillion held in Nostro and Vostro accounts to support international liquidity. According to Claver, tokenization can improve these systems by allowing near-instant settlement, fractional ownership, global access to liquidity, and better connections between markets. It also makes capital programmable, which can lead to new financial applications. Major institutions such as BlackRock, Franklin Templeton, JPMorgan, Visa, and Mastercard are already exploring tokenization in 2026. However, as more assets become tokenized, liquidity will become fragmented across different stablecoins, tokenized deposits, money market products, tokenized Treasuries, and regional settlement assets.

Why $XRP Could Benefit from a Growing Stablecoin Market: Claver noted that he does not believe the future will be dominated by a single stablecoin. Notably, he expects thousands of stablecoins and tokenized deposits to emerge as banks, governments, fintech firms, and exchanges create products that suit their own needs. For instance, Bank of America is issuing one stablecoin while Citi launches another. Meanwhile, tokenized Treasury funds and regional payment networks could operate on separate systems. With more of these products emerging, it becomes important to move value between them efficiently. Claver believes interoperability will become one of the biggest challenges in this environment. Since institutions generally prefer to use their own assets rather than those issued by competitors, they will need a neutral way to