President of the payment software company Ripple (XRP) has affirmed that the much-anticipated Ripple-owned stablecoin RLUSD will launch before the end of this year. This announcement comes as the court squashes the long-term legal tussle between Ripple and the United States Securities and Exchange Commission (SEC).
Meanwhile, the newly launched crypto project IntelMarkets (INTL) considers these developments an opportunity to make a grand reveal, starting with its presale. Here, we explain how Ripple’s lawsuit win and RLUSD’s imminent launch are opportunities for INTL to shine!
Road Ahead For RLUSD as Ripple Wins the SEC Lawsuit
In a recent interview, Ripple’s President, Monica Long, addressed the uprisings regarding the firm’s lawsuit victory against the SEC, the anticipated RLUSD launch, and new strategies for the XRP Ledger, among other things. She disclosed some of the company’s pivotal plans as XRP gains clarity as a non-security per the court’s ruling.
Monica Long highlighted the victory’s significance to the entire crypto landscape, noting that it will set a precedent on the importance of clarity when forming rules. Ripple’s CEO Brad Garlinghouse and Monica Long had previously shared how the bottlenecks of strict regulatory patterns had pushed the company to seek growth beyond its native coastline.
Currently, the firm has expanded its operations outside the United States, recording a 40% boost in activity in Asia.
Meanwhile, concerns have grown about the SEC filing a last-minute appeal as the final deadline, October 7, 2024, approaches. Marc Fagel and James Farrell, former SEC lawyers, claim the odds of a secondary market sales appeal are high.
Further in the interview, Monica Long stated that the RLUSD stablecoin will launch this year following the approval of the US regulator. She noted that one of the primary use cases of RLUSD is settlement. XRLP developers and users will be able to use it for transactions.
Ripple’s President further pointed out that RLUSD will not affect XRP’s payment market share. She added that financial institutions and institutional investors will mostly use the USD-backed stablecoin. Meanwhile, Brad Garlinghouse believes RLUSD will launch in a country with a clear regulatory structure, such as Japan.
IntelMarkets Seeks to Capitalize On Ripple’s Regulatory Clarity
As the crypto community celebrates Ripple’s victory, IntelMarkets aims to capitalize on the regulatory clarity that accompanies it. Regulatory clarity will bode well for projects that are just making an entrance onto the crypto scene, aiming to make a difference and solve problems—for instance, IntelMarkets.
IntelMarkets is a crypto trading platform focused on endowing futures traders with futuristic trading tools and resources to gain an edge in the competitive crypto landscape. Its AI products are designed to position users for opportunities in the futures market.
The perpetual contracts platform uses the powers of blockchain and artificial intelligence technology to solve the problems of flexibility, scalability, and automation, ultimately improving users’ experience.
With IntelMarkets running on Ethereum and Solana, traders can trade on either of these blockchains based on their preferences and strategies. This flexibility allows them to enjoy fast and cost-friendly transactions and access liquidity pools and dApps, among others.
One of IntelMarkets’s distinguishing features is its advanced leverage options. On IntelMarkets, users can trade their preferred asset pair with up to 1,000x leverage, which can help increase their potential gains.
Also, the platform offers favorable borrowing terms to traders who need liquidity to capitalize on opportunities or hedge their positions. This, coupled with access to a vast amount of digital assets, makes IntelMarkets one of the best platforms for perpetual contract trading.
The INTL Presale Gains Traction by Promising Over 511% Gains!
IntelMarkets’ native token INTL is in Stage 2 of its public presale, poised for a 50% rally in the next five days. This rally will move the price from $0.018 to $0.027 and walk it into Stage 3 of its public presale. Yet, this gain is nothing compared to what’s ahead.
INTL is targeting $0.11 as its final presale price. Hitting the highlighted price level will require a 511% increase in its current price. This gain potential presents INTL as a lucrative investment opportunity investors shouldn’t miss out on.
Moreover, INTL is expected to do well after its exchange listing, given the regulatory clarity from Ripple’s lawsuit win. Since this victory will determine how other laws are implemented in the future, the new regulatory ambiance will impact the way new projects like IntelMarkets operate in the long run.
