Ripple After Swell 2026: Who Earns From RLUSD and What XRP Does

Well, welcome everyone. Uh, it's very exciting to be here. Uh, as the introductory comments said, our 10th ripple swell from, uh, the earliest days in Toronto where we began this journey. He's the 79th Treasury Secretary, the fifth in line for the presidency, which I did have to look up, and a friend, please welcome Scott, Secretary Scott Bessett.

That's the man the United States government sued in December of 2020. On October 27th of 2026, he walked the Treasury Secretary of the United States onto his own stage. Not a banker, not a regulator, the man whose signature is on the dollar. And the day before, October 26, the government's bank regulator had made his company a federal bank. 8 years ago, Ripple was begging banks to try its coin, one bank at a time.

This week, it didn't ask anybody. It owns the pipes now. If you hold XRP, you've probably held it on one idea. When the banks finally plug in, the coin is what they'll need. This was the week the banks plugged in.

The Treasury Secretary, the biggest custodian on Earth, Robin Hood, a federal charter, all in 48 hours. But there's a number in Ripple's own paperwork that tells you where the money in its machine actually comes from. It's about $100 million a year and it doesn't need your XRP coin to move one inch. So, the question for the next 15 minutes is simple. Where's the money and what's the coin's job in it?

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I'm Ryan Huggins aka WinW with Ryan. Welcome back to the channel. To see what changed, you have to see what it looked like before. But I think one of the things we're also perhaps most excited to announce today is that we are moving XRapid into production. We now and actually I got an email moments ago that we've now done our first production payments with uh partnered with Quallex into Mexico uh live within the last hour October 2018 at the same conference 8 years younger.

The big news was that a product called XRapid moving real payments through XRP. the customers, Colleix, Mercury FX, Catalyst, small payment shops. That was the plan. Go to the banks one at a time and talk them into holding a coin.

We Ripple took a contrarian and controversial strategy approach to our how we went to market early on and that made us unpopular in crypto. Today, banks are our customers. lots. We have lots of financial institutions around the world, payment providers, you know, everybody from HSBC and Stockgen all the way down to, you know, smaller players you've never heard of. Banks were the customers. Ripple never hid that.

But most banks didn't buy. And on December 22nd, 2020, the government sued Ripple and called the coin an illegal security. The front door was shut for 5 years, and that's when it found a side door. If the banks won't put your coin in their pipes, buy the companies that own the pipes. On October 8th of 2025, Ripple said it was buying a company called Hidden Road for $1.25 billion.

It closed October 24th, 2025 and became Ripple Prime.

Prime Broker is really a one-stop shop that allows all kinds of different asset managers, whether these are well-known hedge funds, uh, trading desks, market makers. It gives them a one-stop shop venue to [music] trade and clear everything from digital assets, derivatives, swaps, uh all kinds of different assets. And these guys [music] are doing trillions of dollars of trades. New players like Hidden Road, a company Ripple bought recently. Hidden Road is the back office that the big trading funds run through.

It cleared $3 trillion of trades in a single year. Then on October 16th of 2025, Ripple bought G Treasury for about $1 billion. And that's the software that more than 1,000 companies use to manage their cash. American Airlines, Subway, Christian Louis Vuitton, those names are on Ripple's own release from October 26th of 2026. That's not a crypto product.

It's the screen a company's money guy opens every morning. Ripple didn't sell those companies anything. It bought the thing they were already using. So last year we touched $16 trillion of transactions. About.1% of those were quote onchain, meaning they either through a stable coin, through XRP, through some other onchain settlement. $16 trillion of money passed through the two companies that Ripple bought in one year.

About 0.1% of it moved on a blockchain. So the plan isn't to convince anybody. The plan is to own the counter the money already crosses and quietly swap the pipe underneath. One morning, the same old software just settles a little faster, and nobody asks why. Therefore, the question stopped being, "Will banks buy XRP?" It became, "How fast can Ripple buy the places money sits?" This month, it answered, counted off of Ripple's own press page.

October 14th, Drive Wealth, which runs stock trading for more than 100 brokerage apps, agrees to settle on Ripple's dollar coin, RLUSD. October 23rd, Singapore's central bank adds Malaysia's and Thailands to a project Ripple sits inside called Bloom. October 26th, the Federal Bank, same day, the British fund company Aviva puts a pound sterling money fund on the XRP ledger. Also same day, Ripple Treasury launches with American Airlines and Subway on the page. October 27th, Robin Hood 28.6 million funded customers, RLUSD coming to the Robin Hood app and Robin Hood running its own cash on Ripple Treasury.

That same day, BNY, the biggest custodian on the planet, $63.4 4 trillion under its roof as of September 30th, 2026, says it will now hold XRP and RLUSD for its clients. Also, same day, C2FO, which has moved more than $520 billion of early payments to suppliers, will settle those on the XRP ledger. Eight deals in 14 days. Then the Treasury Secretary walks out. If you hold XRP, this is the week you were promised.

So, why did the price on October 28th, 2026 read a $134 about where it sat all month? Because of what's in the till? Go back through those eight deals and look for the thing that actually moves. Drive Wealth, RLUSD. Robin Hood, RLUSD.

C2FO, RLUSD on the ledger. Aviva, a fund on the ledger. The new federal bank by its own approval letter holding the cash behind RLUSD. RLUSD is Ripple's dollar coin. One coin, $1 parked somewhere earning interest.

On October 28th, 2026, there were about 2.61 billion of them. That's 2.61 billion real dollars in Ripple's till. Ripple's own reserve report signed off by its accountant on September 29th, 2026 lists where it sits. Treasury bills 3 months or shorter, overnight loans backed by treasuries. government money market funds, bank deposits, and on August 31st, 2026, it held $2.46 billion against 2.326 billion coins. What does a 3month Treasury bill pay?

On October 27th of 2026, 3.93%. $2.61 billion times 3.93% is about $13 million per year. Call that $100 million for holding other people's dollars and not $1 of it needs XRP to move. That's why the first thing that I would do with any coin that you hold is find its tilt. Who's holding the dollars underneath and who keeps what they earn? It's the exact check that we run with people inside of the SGS system at Altcoin Pro. and the link below if you'd rather run it with us than all by yourself because the next question is who gets that $100 million.

You'd think the person whose dollar it is. There's basically two ways that you [music] can use a stable coin to generate yield or interest on your investment. First, you can invest in an interestbearing [music] stable coin. And in that case, the issuer directly shares the interest that they get from investing [music] your dollar in the reserves and share that with you directly. Those sort of investments are [music] available in some jurisdictions, but not most.

That's the CEO of the company that issues RLUSD on Ripple's own channel. A coin that pays you the interest is available in some jurisdictions, but not most. RLUSD is not one of them. And in the United States, it's not even allowed to be because according to the Genius Act, there's a prohibition on interest. No permitted payment stable coin issuer or foreign payment stable coin issuer shall pay the holder of any payment stable coin any form of interest or yield whether in cash tokens or other consideration solely in connection with the holding use or retention of such payment stable coin.

That's the law the Treasury Secretary helped sign on July 18th of 2025. This afternoon, we take a giant step to cement American dominance of global finance [music] and crypto technology as we sign the landmark Genius Act. Same man as on stage Monday, 15 months earlier, putting his name on the law that says the coin can't pay you. It switches on by January 18th, 2027 at the latest. So that's the business.

Hold the dollars, keep the interest, charge nobody a fee. The post that started me on this did the next sum too. Grow the till 10 times and it's a billion dollars a year. I can't promise the 10 times. The 100 million is on the page.

So once you see the till, the question about your coin changes. So if the dollar coin is the money, what's XRP? XRP is the road the dollar coin drives on. Every transaction on the XRP ledger pays a tiny fee in XRP. and that fee is destroyed.

And so what makes XRP so unique is its speed, settling transactions in 3 to 5 seconds, its cost. Extremely low cost, fractions of a penny per transaction, and [music] its scalability. Now having completed over 4 billion transactions, fractions of a penny, that's the toll. It's what makes the road cheap, and it also is what makes the toll tiny. So let's add up the toll.

Since the ledger started all the way back in 2012, it's processed over 4.6 6 billion transactions. By Ripple's own October 27th release, the ledger started with 100 billion XRP. On October 28th, 2026, the validated ledger showed 99 billion 985,58,334 left. So, the toll booth has collected about 14.4 million XRP total in 14 years at $1.34. That's about $19 million ever.

The till makes more than that in 3 months. And you're probably thinking, "So the coin's worthless?" No. Hear the shape of it. The old model used to happen in days, if not weeks. Rather than going through [music] four, five different hops and waiting a week for my money to land on the other side of the planet.

I can do it like this. And I do it with stable coins instantly as almost zero cost. That's a real Ripple customer in Mexico. Money that took a week now moves instantly at almost zero cost. That's a great product.

But listen to what she says moves. The stable coin. The coin isn't the money. It's the pavement. And nobody ever got rich owning the pavement because the trucks drove on it.

You get rich when somebody has to buy the pavement. Now, obviously, if you're like me, you've been holding this coin forever. And this is very exciting news for Ripple the company. And I would love to own some Ripple shares. I can't wait until I have the opportunity to get some of those.

But it's a little bummer for my XRP bad. I want some positive news for my XRP specifically. But as a believer, let's talk about that because here's where believers have a real point and I'm not going to pretend that they don't. Somebody did have to buy the pavement this week. Of all eight deals, one names the coin in its first paragraph.

BNY on October 27th, 2026. It now supports XRP, the native digital asset of the XRP ledger and RLUSD in its vault. A $63 trillion custodian, doesn't build a shelf for a coin that nobody asked to store. That's the believer's line, and it's a fair one. And it's not the only shelf.

Ever North, the company that went onto the NASDAQ on October 12th, 2026, holds 473 million XRP. That's somebody buying the pavement.

Today, enterprises are using the XRP ledger to provide tokenized real world assets. And in the near future, they'll be offering everything from tokenized securities [music] to money market funds, even things like tokenized stocks. And coming soon, we'll see features like tokenized repos and tokenized loans. And the road is getting busier. Money funds, trade invoices.

Soon, loans are coming. That's going to be the most exciting part because then we can start earning yield off the XRP ledger. And that's why I mentioned we're giving away our free yield guide book. If you go over to Bullrunners HQ, get your free one set up right now. More traffic means more tolls and the people building on the road have to hold some of the coin to pay them.

So, the coin has two jobs, a tiny toll and a thing that big institutions are now allowed to hold. The second job is new as of this week and it's real. But hold the two numbers next to each other. $19 million of tolls in 14 years. $100 million of interest in one year from the till. Now the believer's full case in their own words because you've heard it and it deserves fair hearing. Late last night, a single document landed.

No press tour, no countdown, just a signature from a desk in Washington that a lot of people swore would never happen. Well, within hours, someone else, a name you'd never expect, quietly just got added to that guest list in New York. Ladies and gentlemen, you know what I'm talking about. Two moves, one night. And I've been telling you where this road ends for almost a decade now.

Today I'm going to show you the map every turn every piece and why the last piece may already be on the table that was posted October 27th, 2026. The last piece may already be on the table. The post I started with lays it all out as a ladder. Big institutions always come through the simple product first. a dollar coin, a money fund, treasury software, and once their cash lives on the road, the last step is the road's own coin. The post says, "We're in phase three of four, and the price is always the last to find out." I've heard that for years, and you probably have, too.

Ripple's in the room. The price goes last. So, let's split it honestly into what's proven and what's a guess. proven on paper, dated, the purchases, the bank, being wise, shelf, Robin Hood, the till and the law that says who keeps the interest. All of that is real and all of it already happened. A guess that the fourth step is the coin.

Nothing in any of the nine releases says that a bank must hold XRP to use the pipe. The Robin Hood release names XRP exactly once in the boiler plate at the bottom. Fine, you say. But Garlinghouse knows the plan. He does.

So listen to him.

So we go to a customer and say, "Hey, we can solve your payments problem to get into the Philippines." Let's say you're going dollar to Philippine peso. Well, it could be that XRP is the best bridge asset for that purpose. Or it could be that no, a stable coin is going to solve that problem better. A payment might use XRP or a stable coin might solve the problem better. That's the CEO.

He's not hiding it and he hasn't for a year, which is exactly what a man does when he owns the road and the dollar coin and the till. He doesn't care which car you drive. He gets paid either way. So, here's the calendar that matters, not the price chart. Later this year, by Robin Hood's own release, RLUSD lands in an app with 28.6 million customers.

Every one of those dollars goes into the till. November 4th, 2026, Robin Hood reports its quarter and you'll get the fresh customer count. By January 18th of 2027, at the latest, the law that locks the interest in the issuers's pocket is in force. And every month around the 30th, Ripple posts the reserve report to watch the first line. How many coins are out?

That number is the business. Now, watch the stage again.

He's the 79th Treasury Secretary, the fifth in line for the presidency, which I did have to look up, and a friend. Please welcome Scott, Secretary Scott Bessett. Same clip, different video. The first time that looked like the government finally blessing your coin. Now look at who's standing there.

The man who signed the law that keeps the interest. Welcome by the man who owns the till, the road, the broker, the software, and as of Monday, the bank. Eight years ago, Ripple stood on a stage asking banks to try its coin. This year, it didn't ask. It bought the counter the money crosses, and it keeps what the money earns while it sits there.

One thing that this week doesn't settle whether the fourth step ever comes. Nobody has a signed paper that says it does and nobody has a signed one that says it doesn't. But the money that is settled, they're not selling the banks your coin anymore. They're selling the banks a pipe and keeping the interest on what sits in it. So tell me in the comments of the eight deals that went through this week, which one did you think was about XRP before this video?

Just the name. Everything in this video came off of nine press releases, one reserve report, one law, and one line in a validated ledger. The $100 million was never hidden. It just sits on page three of a PDF that no one opens before they buy the coin. Finding the till under a coin before the headline about the coin moves you is the job.

And that's what SGS system inside of Altcoin Pro does with our clients on what they already hold. If you're sitting on $50,000 or more of crypto and nobody has ever sat down with you and traced where the money underneath it actually goes, that's who that is for. And if you're not there yet, just keep watching these videos. They're free and we're not going to stop making them. If that is you, then click the link down in the description below.

If this money is something that you decide with your significant other together, bring them on the call with you. Again, it's the first link in the description. It gets you started. Book a call. No big deal.

Crypto carries risk and past performance. doesn't guarantee future results. This video is education only, not financial advice. And you know what to do. Stay bullish. I'll see you at the top.