As the US debt continues to grow at an alarming rate, reaching $36 trillion, some experts are looking for innovative ways to stabilize the financial system. Versan Aljarrah, the founder of Black Swan Capitalist, believes XRP could be the answer.
In the recent post on X, he suggests that the current debt-based system needs a fresh foundation, “you need a new anchor” to reset it without causing global financial panic.
According to him, tokenizing gold and linking it with Ripple’s RLUSD stablecoin can provide this anchor. By tying debt to a gold-backed digital currency and utilizing XRP as a global bridge for transactions, governments would be able to control debt better and more transparently.
For context, the United States has $36.2 trillion in its national debt, which represents 122% of the country’s annual economic output or gross domestic product (GDP). This amount is growing by about $1 trillion every three months.
The rising debt situation could lead to higher taxes and interest rates, making life more expensive for average Americans. Hence, people are resorting to crypto for a hedge against such a crisis, with XRP, RLUSD, and Bitcoin (BTC) stealing the spotlight.
Meanwhile, it’s worth noting that real-world asset (RWA) tokenization is a rapidly growing market. According to RWA.xyz’s figures, the on-chain value has increased by 10.49% in just the last 30 days to $22.11 billion. The overall value, including stablecoins, is $30 billion. There are 189 issuers and over 100,000 asset holders on the platform. The value of stablecoins alone is an astounding $232.08 billion.
Underpinning this vision, Ripple’s RLUSD stablecoin has just been approved by the Dubai Financial Services Authority (DFSA), enabling it to be used in the Dubai International Financial Centre.
Also Read: Ripple’s XRP Ledger Enrolls Major Upgrade for RLUSD, Memecoins
