The XRP community has been buzzing recently over a major news event. Ripple quietly injected 40 million RLUSD into Gemini, which has sparked intense discussion within the community—some bullishly shouting to the moon, while others question whether there are hidden motives.

Let's first clarify the sequence of events. Ripple's financial operations involved two injections of 20 million RLUSD each, totaling 40 million RLUSD into an address associated with Gemini. Currently, this address holds over 98.3 million RLUSD, while the total market cap of RLUSD is around 1.33 billion, with a trading volume of 110.7 million in the past 24 hours. Notably, there was no official announcement during the process, and the funds did not flow into retail wallets. The market appears relatively calm on the surface, but community discussions are already heated.

Supporters' arguments are quite straightforward: Ripple, Gemini, and Mastercard are conducting a pilot for credit card settlement. The large capital injection indicates that this pilot is about to be commercialized. The technical foundation of this pilot happens to be the XRP ledger, which in theory could boost XRP's demand and value. At first glance, the logic seems sound, but upon closer inspection, there are issues. Although RLUSD is issued on the XRP ledger, it is fundamentally a stablecoin, and its price movement is not closely correlated with XRP. The main goal of the pilot is to increase recognition and application scenarios for the XRP ledger, but directly driving up XRP's price might be an overestimation of the short-term effects.

Opponents also have reasonable points. Ripple's ongoing lawsuit dispute with the SEC is still unresolved. During this period, quietly injecting large amounts of stablecoins raises some transparency concerns. Is it to enhance liquidity on a particular exchange? Or is it a preemptive move for upcoming market changes? The community's skepticism is understandable.

Ultimately, this operation could either be Ripple improving its ecosystem or just a part of its business plan, and it may not necessarily have an immediate impact on XRP's price. The key will be the subsequent implementation and market response.