Ex-Ripple Engineer Teases Secret XRP Ledger Startup Focused on RLUSD Stablecoin
A former Ripple engineer and current Walrus Protocol development marketer known online as 'Bias Goose' has been teasing his upcoming project on the $XRP Ledger (XRPL) with a cryptic social media post. The post, which reads 'We will make $RLUSD great again,' finally confirms that the secretive startup will be built around Ripple's U.S. dollar stablecoin.
Bias Goose's enigmatic project currently lacks an official name, a published white paper, or any visible registered legal entities. He has promised to provide a full presentation only in the first half of September, but details about the project are scarce.
However, Bias Goose hinted at synergy between the $RLUSD and $XRP settlement rails on the $XRP Ledger with Walrus's capacity to store large datasets from the real economy. He emphasized that his startup will reject traditional crypto tactics, such as artificial incentives, free giveaways, or issuance of its own token.
According to Bias Goose, the net yield generated by real-world business will be several times higher than U.S. Treasury yields and will outperform that of any other stablecoin on the market.