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In a recently published tweet, Ripple president Monica Long has talked about Ripple’s recent hot new thing RLUSD after talking to Bloomberg Crypto about it the other day.
She also mentioned XRP when discussing Ripple USD (RLUSD) use cases. In the meantime, RLUSD has been listed by major Europe-based exchange Bitstamp and several trading pairs with it have been added.
RLUSD use cases to get even more robust per Long
Monica Long, the president of Ripple, shared a video excerpt from her recent interview with Bloomberg. She stated that she had kicked off 2025 talking about one of her “new fave topics—RLUSD.”
Adding to what was said in that interview, Ripple’s top executive stated that this year, the stablecoin market is poised for “exponential growth” and that, therefore, Ripple USD’s use cases, including on and off ramps, access to digital USD, and enterprise cross-border payments, “are only becoming more robust.” Long also commented that RLUSD will be “bolstered by counterparty-free, complementary assets like XRP.”
Kicking off 2025 talking about (one of) my new fave topics - $RLUSD! With the stablecoin market poised for exponential growth this year, use cases – such as on/off ramps, access to USD and enterprise cross-border payments – are only becoming more robust, bolstered by… https://t.co/gsTRMBhtpN
— Monica Long (@MonicaLongSF) January 8, 2025
Big year for crypto and RLUSD coming, Ripple President says
Monica Long believes that after RLUSD has been adopted by such large crypto exchanges as Bitstamp and Bullish, other major giants, like US-based public-traded company Coinbase, are going to list “Ripple dollar” soon – “imminently” as Ripple continues to work on expanding the distribution and the overall availability of their stablecoin. As reported by U.Today earlier, Bitstamp has added several trading pairs based on the new asset: RLUSD/EUR, RLUSD/USDT, RLUSD/USD, RLUSD/BTC, RLUSD/ETH, and RLUSD/XRP.
The Ripple executive also revealed that RLUSD is expected to be used largely by financial institutions and retail traders as well – for B2B international transfers, for trading, etc. Ripple expects the markets to “grow tremendously over the course of next year.” As for the demand for Ripple Payments from Ripple customers, it doubled last year, according to Long. Therefore, the company sees a “strong growth trajectory” for its payment solution based on RippleNet and powered by XRP, where RLUSD will certainly play a “premium role”, the president added.
Currently, according to data shared by CoinGecko, RLUSD boasts a market capitalization of roughly $73 million with more than 80 million coins minted by Ripple since the official launch in early December.