tl;dr
Ripple President Monica Long announced the expansion of Ripple USD (RLUSD) to more platforms, following its launch on five exchanges in December 2024. She highlighted strong growth in Ripple's payment solutions, with demand doubling last year. Long also expressed optimism about the potential approva...
Ripple USD (RLUSD) will soon expand to more platforms, boosting stablecoin adoption.
Ripple’s payment solutions saw strong growth, with demand doubling last year.
Polymarket shows a 71% chance of XRP ETF approval in 2025, fueling market optimism.
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.
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. 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.
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.