In a recent interview with Bloomberg, Ripple President Monica Long outlined the company's strategic vision for its stablecoin, RLUSD, and shared optimistic projections for an XRP-based exchange-traded fund (ETF). Her comments have generated significant interest within the cryptocurrency community, highlighting Ripple's roadmap for expanded adoption and regulatory advancements.
RLUSD Set for Major Exchange Listings
Ripple USD (RLUSD) initially launched on several prominent trading platforms, including CoinMENA, Bitso, Uphold, MoonPay, and Archax, on December 17. The company has since expanded availability to additional exchanges such as Mercado Bitcoin and Independent Reserve.
During the interview, Monica Long was asked specifically about the anticipated listing of RLUSD on top-tier exchanges like Coinbase and Binance. While a precise launch date was not provided, Long emphasized Ripple's active efforts to broaden the stablecoin’s distribution. She indicated that announcements regarding listings on major platforms are expected "imminently," signaling that significant developments are on the horizon.
Ripple President Monica Long expects to see their new stablecoin RLUSD on more platforms "imminently" and says we will see an XRP ETF soon.
Growing Adoption and Market Position for RLUSD
Long also discussed the potential adoption curve for RLUSD over the coming year. She connected the stablecoin’s growth to the overall expansion of the cryptocurrency market, noting that stablecoins play a critical role in both payment solutions and trading activities.
Long expressed strong optimism for the crypto sector in 2025, predicting a surge in demand for stablecoins. She highlighted the integral role RLUSD is designed to play within Ripple’s payment ecosystem, stating, “We see a really strong growth trajectory for our payments solution, with that Ripple USD will have a premium role.”
Market data appears to support this positive outlook. Trading volume for RLUSD has recently surged by over 211%, reaching $75.69 million within a 24-hour period. The stablecoin has consistently maintained its $1 peg, with a market capitalization of approximately $53 million at the time of writing. For those tracking these developments in real time, 👉 view real-time market data tools can provide additional insights.
Path to an XRP ETF in the United States
Another major topic addressed was the possibility of a spot XRP ETF launching in the U.S. Long conveyed strong confidence, positioning XRP as the next logical candidate for a spot ETF following the approvals of Bitcoin and Ethereum funds.
She pointed to the growing number of filings from established asset management firms, including Canary Capital, Bitwise, 21Shares, and WisdomTree, as a clear signal of market demand. Long also suggested that the incoming presidential administration and its anticipated appointment of pro-innovation officials, such as Paul Atkins, could create a more favorable regulatory environment, potentially expediting the approval process for these financial products.
While the U.S. Securities and Exchange Commission (SEC) has not yet officially acknowledged any of the XRP-specific ETF applications, the industry is watching closely for any policy shifts that could unlock this new wave of investment vehicles.
Frequently Asked Questions
What is RLUSD?
RLUSD is a U.S. dollar-backed stablecoin issued by Ripple. It is designed to facilitate fast and low-cost transactions, particularly within Ripple's payment solutions and across partnered cryptocurrency exchanges.
When will RLUSD be available on Coinbase?
Ripple President Monica Long stated that the listing of RLUSD on major exchanges like Coinbase is expected "imminently." While no exact date was given, this suggests an official announcement could come very soon.
What is a spot cryptocurrency ETF?
A spot ETF is an exchange-traded fund that holds the underlying cryptocurrency itself, such as XRP. This allows investors to gain exposure to the asset's price movements without having to directly purchase or store the digital currency.
Why is an XRP ETF significant?
The approval of an XRP ETF would provide a regulated and accessible way for institutional and retail investors to gain exposure to XRP. It is widely seen as a major step toward mainstream adoption and legitimacy for the asset. To 👉 explore more investment strategies around digital assets, many turn to established platforms.
Which companies have filed for an XRP ETF?
Several prominent firms have submitted applications to the SEC, including Bitwise, 21Shares, WisdomTree, and Canary Capital. These filings indicate strong institutional interest in creating an XRP-based investment product.
How could the new U.S. administration affect crypto ETF approvals?
The incoming administration is expected to appoint regulatory officials who are more favorable toward cryptocurrency innovation. This could lead to a more efficient and receptive review process for pending ETF applications from companies like Ripple.