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Ripple’s Monica Long Discusses Stablecoin Expansion and XRP ETF Prospects
In a recent interview with Bloomberg, Ripple President Monica Long shared insights into the company’s plans to expand its stablecoin offerings as well as the prospects of an XRP-based exchange-traded fund (ETF). The move comes as Ripple’s payment solutions experienced doubled demand in 2024, highlighting the growing importance of digital assets in financial transactions.
RLUSD Expansion on the Horizon
Long revealed that Ripple USD, the company’s newly launched stablecoin, is set to expand its presence across more platforms “imminently.” This development is significant, considering the stablecoin has already been listed on five exchanges since December 2024. The additional listings will undoubtedly enhance the accessibility and utility of RLUSD, further driving adoption.
Stablecoin Market Growth Expected in 2025
The move is also reflective of the broader growth trajectory Ripple expects to experience in 2025. The company’s payment solution demand doubled last year, suggesting a strong potential for its stablecoin offerings as well. As the stablecoin market is anticipated to expand significantly this year, Ripple is well-positioned to capitalize on this trend.
XRP ETF Approval Likelihood Surges
In related news, Long expressed confidence in the possibility of an XRP-based ETF approval in the near future. This comes amid growing optimism within the crypto space, with Polymarket data indicating a 71% likelihood of approval in 2025. Moreover, the approval rate for an XRP ETF rose by a significant 24% within a mere 24 hours, underscoring the heightened market enthusiasm.
XRP ETF Approval to Drive Growth
Ripple’s push into the ETF space underscores its commitment to advancing financial innovation in the crypto sector. As crypto ETFs gain traction, Ripple’s efforts to secure XRP’s inclusion could strengthen its position in the global digital asset market.
Ripple Positioned for 2025 Success
In conclusion, Monica Long’s statements paint a picture of Ripple’s ambitious plans for growth and expansion in the year ahead. The company’s focus on expanding RLUSD adoption and securing an XRP ETF approval positions it well to capitalize on the burgeoning crypto market.
Source: cryptonewsland.com
