Ripple wants to pay suppliers in RLUSD. Where does XRP fit?

Ripple and C2FO want suppliers to receive early payments through the XRP Ledger. Their plan puts a dollar stablecoin at the centre of settlement, making the route from more business on the network to more demand for XRP worth examining. Summary Ripple and C2FO plan to bring financing and settlement for Instant Pay onto the XRP Ledger so suppliers can receive funds against approved invoices. The companies named RLUSD as the settlement currency, meaning suppliers would receive a dollar stablecoin even though the payments would use the XRP Ledger. The ledger charges transaction fees in XRP and requires account reserves, so the operators submitting transactions or maintaining accounts would need XRP balances. The amount invoiced and the XRP needed to process it can move independently because operational demand depends on transaction count and account design. Recurring supplier payouts and the routes used to convert proceeds into bank deposits would help show how much commercial activity the initiative brings onchain. Ripple and C2FO have outlined a supplier financing initiative on the XRP Ledger that would settle payments in RLUSD, a stablecoin designed to track the US dollar. The comp...