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Ripple President Monica Long reveals the company’s strategic plans to roll out its stablecoin, RLUSD, on major trading platforms like Coinbase.
Monica made this known in a recent interview with Bloomberg. Recall that on December 17, Ripple USD launched on five exchanges, such as CoinMENA, Bitso, Uphold, MoonPay, and Archax.
The crypto payments company announced additional listings on other platforms like Mercado Bitcoin and Independent Reserve.
RLUSD to Launch on Coinbase Imminently
However, Ripple has yet to announce the stablecoin’s launch date on leading exchanges like Coinbase and Binance. During a recent interview on Bloomberg, Monica was asked when Ripple plans to launch RLUSD on these platforms, specifically Coinbase.
Responding, she emphasized that Ripple is expanding RLUSD’s availability and distribution to more platforms. She pointed out that announcements about major exchange listings, including Coinbase, will come soon. When asked how soon this will happen, she said, ‘imminently.’
Ripple President Monica Long expects to see their new stablecoin RLUSD on more platforms "imminently" and says we will see an XRP ETF soon https://t.co/e4TuV4XPv3 pic.twitter.com/LhfIMNDDs9
— Bloomberg Crypto (@crypto) January 7, 2025
Ripple President Expects More Adoption for RLUSD
Furthermore, Monica was asked to provide insights into RLUSD’s adoption and growth potential over the next year. Notably, she tied the adoption of the Ripple stablecoin to the overall crypto market growth, suggesting that stablecoins are essential for payments and trading.
The Ripple President expects this year to be “big” for crypto, adding that demand for stablecoins will surge alongside. According to her, RLUSD will have a premium role in Ripple’s payment solution.
“So we see a really strong growth trajectory for our payments solution, with that Ripple USD will have a premium role,” Monica remarked.
In the meantime, RLUSD’s trading volume has skyrocketed by 211.81% over the past 24 hours to $75.69 million. The stablecoin maintains its $1 price alongside a notable market cap of $53.09 million at press time.
XRP ETF to Launch Soon
Meanwhile, the interviewer probed Monica to comment on the likelihood of an XRP ETF launching soon.
The Ripple President responded with optimism about an XRP ETF in the United States. She expressed that XRP is the next crypto lined up for a spot-based exchange-traded fund after Bitcoin and Ethereum.
Monica highlighted the multiple filings from companies such as Canary Capital, Bitwise, 21Shares, and WisdomTree and noted that the incoming administration could expedite their approvals.
In the meantime, the SEC has not acknowledged any of the filings exclusively tied to XRP. However, crypto enthusiasts expect this to change under the incoming leadership of pro-crypto advocate Paul Atkins.