XRP and 3 Other Altcoins Set to Explode

If the CEO of Visa is optimistic about stablecoins, shouldn't you be optimistic too? Seriously. With the Genius Act passed in the Senate, the competition to issue and manage stablecoins will heat up. And some altcoins will become bullish as a result. Some blockchains have a good start. But can they sustain themselves and win in the end? Which altcoins are ready to pump and profit from this regulatory clarity? Ethereum ($ETH) Ethereum ($ETH) is likely to benefit the most from the Genius Act. It has the largest DeFi infrastructure among all layer-1 chains and is the first chain on today's altcoin list, with its TVL still being 7.4 times larger than the second largest chain, Solana. Exactly $61.4 billion compared to $8.3 billion. Ethereum remains the main blockchain for stablecoins. It serves as the primary payment layer for major stablecoins like $USDT, $USDC, and $DAI. They are leading in this fee. Therefore, if stablecoins are regulated, Ethereum can expect higher transaction volumes. This, in turn, will lead to higher transaction fees. Stablecoins have dominated these types of fees. In other words, managed stablecoins will provide Ethereum with more revenue.

For example, let's take a look at the image below. It shows stablecoin among the top 5 users on Ethereum in May.

The issuance of the most stablecoins also takes place on Ethereum. This is likely to increase with regulated stablecoins.

Ethereum is also positioning itself to handle this increase in volume. For example, by improving scalability, through the Dencun upgrade. In return, this will attract more institutional interest in Ethereum. Institutions want compliance options and scalability. Currently, Ethereum hosts approximately 50% of all stablecoins. Its value ranges from 100 to 125 billion dollars.

Ripple ($XRP) Ripple and $XRP will also benefit from stablecoin legislation. It positions itself as a major cross-border payment service. However, do not forget that Ripple also has its own internal stablecoin, $RLUSD. The Genius Act is likely to include features such as, Full support at a 1:1 ratio backed by US dollar reserves or short-term treasury bonds. Monthly reserve disclosures. Ripple is building a transparent website for $RLUSD. This website will include continuous updates. Annual audits. Deloitte audits Ripple, a well-known company. Anti-money laundering compliance. Ripple is building a low-cost cross-border ecosystem. Including stablecoin $RLUSD and KYC and AML procedures. Moreover, in the United States, Ripple has secured over 50 money transfer licenses. This includes many states in the United States. Therefore, this means that Ripple can provide cross-border payment services for U.S. banks and similar banks. For this, Ripple will use XRPL and $RLUSD. The Genius Act could be a real driving force for the stablecoin $RLUSD. And $RLUSD could really leverage such momentum, as it has not been performing as well as Ripple expected.

Solana ($SOL) With Solana ($SOL), we have another hot issue in the stablecoin fire. The major advantage that Solana brings is low transaction costs and high TPS among all altcoins. It can handle up to 65,000 TPS per second. In other words, transactions on Solana are cheap and very fast. That’s what stablecoin providers like. A lot of

The Genius Act will be a net benefit not only for Ethereum but also for other layer 1 chains. Solana is a large network with a huge ecosystem. Therefore, the Genius Act will bring more transactions and liquidity to Solana. This, in turn, will benefit its larger ecosystem and promote $SOL. Kristin Smith strongly supports the Genius Act. She is the Chair of the Solana Policy Institute. There is strong bipartisan support for this Act. With Kristin's proactive stance on the Genius Act, this could have a positive impact on Solana. This could help make regulatory acceptance easier. Many other organizations may also be interested in Solana-based stablecoins. Moreover, this could lead to government funding and budget operations. Once again, this will benefit Solana-based stablecoins. The current price of $SOL is $145. Like all the coins mentioned today, Genius Act could be a catalyst for their price development. Tron ($TRX) When we talk about stablecoins, you cannot overlook Tron and its $TRX token. Tron is the most used chain to move stablecoins after Ethereum and the last altcoin I will discuss today. For example, take a look at the chart below. It shows the top changes of stablecoins on-chain in the past 24 hours. Tron leads this chart with a street length and a little bit. Ethereum even had a negative supply in the past 24 hours. It secures the bottom position of this chart!

On another chart from Nansen, we can also see that Tron has the highest number of DAUs or daily active addresses. It increased by 1.4% while Ethereum decreased by 5.9%.

Justin Sun is the founder of Tron. He has been actively negotiating with U.S. lawmakers. He is also involved in World Liberty Financial, a part of the Trump empire. His vision is to position Tron as a means to reinforce the United States' leading position in the cryptocurrency space. This aligns with the Genius Act. This act will position Tron at the forefront to lead in growth in the U.S. market. So, what do you think of the Genius Act? Do you think it will impact many altcoins and the cryptocurrency space? Let me know your thoughts on this in the comments. And join us in lively discussions on social media. Join our X channel and Discord.