In a recent interview with Bloomberg, Monica Long, President of Ripple, shared details about their plans for their stablecoin, RLUSD, and a possible XRP-based Exchange Traded Fund (ETF). Long mentioned that the RLUSD stablecoin will be available on more trading platforms in the near future.
In December 2024, RLUSD was introduced across five platforms, such as CoinMENA and Bitso. It has since broadened its availability with listings on other platforms like Mercado Bitcoin and Independent Reserve. They’ve hinted at more listings becoming available “very soon.
The digital currency known as RLUSD, tied to the U.S. dollar, was developed with the expanding decentralized finance (DeFi) market in mind, aiming to streamline international transactions. To boost its practicality, Ripple has incorporated Chainlink’s technology, thereby enhancing the capabilities of RLUSD, making it a more enticing option for businesses and financial institutions worldwide.
Beyond just mentioning RLUSD, Long also emphasized the growing possibility of a XRP Exchange-Traded Fund (ETF) receiving approval imminently. She posits that as U.S. regulations on cryptocurrencies loosen up, XRP could potentially be the next digital currency to have its ETF approved.
Following the green light given by the U.S. government for Bitcoin and Ethereum ETFs, as well as a shift in U.S. leadership, there’s a growing sense of optimism among traders due to these developments.
Ripple experienced an increase in business agreements within the U.S. during the second half of 2024, surpassing the number struck in the first six months. This growth and favorable regulatory conditions have significantly boosted the value of XRP by an incredible 300%, outpacing other major digital currencies.
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2025-01-08 16:20