Ripple’s President, Monica Long, has outlined the company’s ambitious roadmap for its stablecoin, Ripple USD (RLUSD), with plans to introduce it on prominent trading platforms, including Coinbase. Speaking in a recent interview with Bloomberg, Long discussed the stablecoin’s growing reach and Ripple’s commitment to furthering its adoption across the crypto ecosystem.
RLUSD’s Gradual Expansion Across Platforms
On December 17, RLUSD debuted on five key exchanges: CoinMENA, Bitso, Uphold, MoonPay, and Archax. Since then, Ripple has continued its efforts to broaden the stablecoin’s footprint by listing it on additional platforms like Mercado Bitcoin and Independent Reserve. These expansions underscore Ripple’s dedication to establishing RLUSD as a major player in the stablecoin market.
Coinbase Listing on the Horizon
Despite RLUSD’s presence on several platforms, Ripple has yet to finalize its launch on major exchanges like Coinbase and Binance. When asked about this in her Bloomberg interview, Long confirmed the company’s plans to extend RLUSD’s availability, emphasizing that announcements regarding listings on these high-profile exchanges will follow soon. She notably described the timeline for Coinbase’s inclusion as “imminent,” signaling that the launch could happen in the near future.
Growing Demand for Stablecoins
During the interview, Long shared her optimism about RLUSD’s adoption trajectory in 2025. She linked its growth to the broader expansion of the cryptocurrency market, asserting that stablecoins play a critical role in facilitating seamless payments and trading.
Anticipating a significant year for the crypto sector, Long predicted heightened demand for stablecoins, with RLUSD poised to occupy a central position within Ripple’s payment infrastructure. She highlighted the company’s strategic focus on scaling its payment solutions, stating, “We foresee a robust growth trajectory for our payment solutions, where RLUSD will hold a pivotal role.”
Current Performance of RLUSD
RLUSD is already making waves in the market. Within 24 hours, its trading volume soared by an impressive 211.81%, reaching $75.69 million. Meanwhile, the stablecoin continues to maintain its peg at $1, with a market capitalization of $53.09 million as of the latest reports. These metrics reflect RLUSD’s growing traction among users and traders.
Anticipation Builds for an XRP ETF
In addition to discussing RLUSD, Long also addressed the possibility of an XRP-based exchange-traded fund (ETF) entering the U.S. market. She expressed optimism, stating that XRP is likely to follow Bitcoin and Ethereum in securing approval for a spot-based ETF.
Long pointed to filings by several firms, including Canary Capital, Bitwise, 21Shares, and WisdomTree, as evidence of growing institutional interest in an XRP ETF. She suggested that the incoming U.S. administration, led by crypto-friendly advocate Paul Atkins, could accelerate regulatory approvals, potentially paving the way for XRP ETFs to launch soon.
However, the U.S. Securities and Exchange Commission (SEC) has yet to take concrete action on XRP-specific filings. Despite this, the crypto community remains hopeful that the regulatory landscape will shift favorably under new leadership, opening the door for innovative financial products like XRP ETFs.
Ripple is making significant strides in the crypto landscape, with RLUSD at the forefront of its efforts to revolutionize payments and trading. As the stablecoin prepares for a potential Coinbase launch and the market anticipates the approval of an XRP ETF, Ripple’s vision for a more interconnected and accessible financial ecosystem is steadily coming to fruition. With strong market performance and growing adoption, RLUSD and Ripple stand poised to play a transformative role in the evolution of the digital asset economy.
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