- Ripple President Monica Long announced the imminent launch of RLUSD on Coinbase.
- RLUSD was introduced on five exchanges, including CoinMENA and Bitso, on December 17.
- Monica Long highlighted the critical role of stablecoins in payments and trading.
Ripple President Monica Long has announced the impending launch of Ripple’s stablecoin, RLUSD, on major platforms like Coinbase. This expansion follows RLUSD’s recent introduction on five exchanges, with additional listings on Mercado Bitcoin and Independent Reserve. The company aims to strengthen RLUSD’s role in payments and trading amid surging demand for stablecoins in the crypto market.
Ripple President Confirms RLUSD Coinbase Launch
RLUSD launched on December 17 across five exchanges, including CoinMENA, Bitso, Uphold, MoonPay, and Archax. Monica Long confirmed plans to list RLUSD on platforms such as Coinbase and Binance. She emphasized the rollout on major exchanges would occur imminently, signaling strategic growth for the stablecoin.
RLUSD has already experienced substantial traction, with trading volumes increasing by 211.81% to $75.69 million within 24 hours. Its consistent $1 price and $53.09 million market cap highlight its growing presence in the crypto ecosystem. Ripple expects RLUSD to play a pivotal role in its payment solutions as demand for stablecoins accelerates.
Monica Long tied RLUSD adoption to broader growth trends in the crypto market, forecasting a strong year for the sector. She indicated that stablecoins are becoming increasingly critical for payments and trading as digital finance evolves. Ripple positions RLUSD as a core element of its expanding payment solutions, anticipating rising adoption in the coming months.
The company’s focus on RLUSD aligns with its broader strategy to integrate more trading platforms and drive stablecoin usage. With further listings planned, Ripple aims to enhance RLUSD’s accessibility and relevance in the competitive crypto space. These efforts align with a projected surge in stablecoin adoption.
XRP ETF May Follow Bitcoin, Ethereum Spot Funds
Ripple’s President expressed optimism regarding the potential approval of an XRP exchange-traded fund (ETF) in the United States. She noted that XRP is the next likely candidate for a spot-based ETF after Bitcoin and Ethereum. Companies like Canary Capital, Bitwise, 21Shares, and WisdomTree have filed applications awaiting regulatory approval.
While the SEC has not yet approved XRP-focused filings, crypto enthusiasts anticipate progress under pro-crypto advocate Paul Atkins’ leadership. Ripple’s commitment to advancing XRP adoption reflects its confidence in the evolving regulatory environment. The potential launch of an XRP ETF could further cement its position in the crypto market. Ripple’s strategic push for RLUSD and the optimism surrounding an XRP ETF underscore the company’s ambitious plans in 2025.