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Ripple President Monica Long has stated the company’s new stablecoin, Ripple USD (RLUSD), will launch on more platforms soon. In a recent interview with Bloomberg, Long highlighted the momentum behind Ripple’s stablecoin after introducing the stablecoin on five exchanges in December 2024, including CoinMENA, Bitso, Uphold, MoonPay, and Archax.
Long expressed confidence in the future of Ripple USD pointing to strong growth within Ripple’s business, particularly in payments. She noted that demand for Ripple’s payment solutions doubled last year, showing solid adoption among Ripple’s client base.
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
Long also said the market for stablecoins will likely grow in 2025, along with the overall expansion of the crypto market.
XRP ETF Approval on the Horizon
In other news, Long addressed the possibility of an XRP ETF. She believes approval will likely happen soon. She expects various crypto spot ETFs, including one tied to XRP, to launch shortly.
Read also: XRP ETFs: Big Firms Bet on the Future of Crypto Investments
Ripple’s participation in the ETF space is tied to the global trend of crypto ETFs, which have gained traction, particularly with Bitcoin and Ethereum. Long said XRP will likely be next in line for ETF approval after Bitcoin and Ethereum.
Polymarket’s Positive Outlook for XRP ETF Approval
The growing anticipation around an XRP ETF approval has been evident with data from Polymarket showing a 71% chance of XRP ETF approval in 2025.
This figure has since risen 24% in 24 hours, adding to the clamor of an XRP ETF real soon.
The optimism is in sync with many expecting approvals for crypto ETFs to accelerate in 2025, ever since the approval of spot BTC and ETH ETFs in the U.S in 2024.
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