Ripple’s RLUSD Stablecoin Nears Wider Exchange Rollout

Ripple’s RLUSD stablecoin is set to expand its presence as it prepares for imminent listings on major cryptocurrency exchanges. According to Ripple President Monica Long, the company is actively working to strengthen RLUSD’s adoption.

Monica Long also revealed optimism about the potential approval of an XRP spot ETF, a move expected to further boost Ripple’s market influence. Since its launch, RLUSD has demonstrated growing demand, aligning with the increasing role of stablecoins in global crypto markets.

Where You Can Trade RLUSD Now

Launched in mid-December 2024, RLUSD is a stablecoin pegged 1:1 to the US dollar. Even though it’s new, RLUSD has already seen a lot of activity, especially on the Bullish crypto exchange. Most of RLUSD’s trading volume, over 76%, is on Bullish, with the two main trading pairs being RLUSD/USD Coin (USDC) and XRP/RLUSD.

In addition, decentralized exchange Sologenic has a smaller portion of the trading volume, with the XRP/RLUSD pair seeing $3.4 million in 24-hour trading volume, which is 3.56% of the total RLUSD market.

Ripple’s Payments Business Drives Demand

Ripple’s growing payments business is a big reason why people want RLUSD. Long shared that Ripple’s payment solution business doubled in size last year, showing strong growth.

Because of this, RLUSD is set to become a key part of Ripple’s payment infrastructure. The increasing use of stablecoins for on-ramping and off-ramping, along with the growth of the broader crypto market, means RLUSD will likely see significant adoption this year.

Is an XRP ETF Coming Soon?

Besides expanding RLUSD, Long also expressed optimism about an XRP exchange-traded fund (ETF). Long suggested that XRP could be next in line after Bitcoin and Ethereum to get ETF approval, which could really boost its exposure and adoption.

Several firms, including WisdomTree and Bitwise, have already asked the U.S. Securities and Exchange Commission (SEC) to approve XRP ETFs. Long thinks that ETF approvals will accelerate with the changing political climate in the U.S.

Ripple and Chainlink Team Up

To make RLUSD even more useful, Ripple has partnered with Chainlink to give accurate price feeds for RLUSD on both Ethereum and the XRP Ledger.

This collaboration will provide tamper-proof and reliable pricing data, which is important for decentralized finance (DeFi) applications. It will also help stop risks such as price manipulation and downtime, making RLUSD more stable and reliable.