Ripple President Monica Long Expects to See New Stablecoin RLUSD on More Platforms "Imminently" and Says We Will See an XRP ETF Soon

The crypto payments company announced additional listings on other platforms like Mercado Bitcoin and Independent Reserve.

Monica Long, President of Ripple, has revealed in a recent interview with Bloomberg that the company is planning to launch its stablecoin, RLUSD, on major trading platforms like Coinbase imminently.

When asked about the stablecoin’s launch date on leading exchanges like Coinbase and Binance, Monica stated that announcements about major exchange listings will come soon.

“We're expanding the availability and the distribution of RLUSD to more exchanges. We'll have announcements coming soon on the major exchange listings, like Coinbase. When can you expect that? Imminently.”

Monica was also asked to provide insights into RLUSD’s adoption and growth potential over the next year.

“We see a really strong growth trajectory for our payments solution, with that Ripple USD will have a premium role. We're expecting this year to be big for crypto, and the demand for stablecoins will grow alongside that.”

In the meantime, RLUSD’s trading volume has skyrocketed by 211.81% over the past 24 hours to $75.69 million. The stablecoin maintains its $1 price alongside a notable market cap of $53.09 million at press time.

The interviewer went on to ask Monica to comment on the likelihood of an XRP ETF launching soon.

The Ripple President responded with optimism about an XRP ETF in the United States, highlighting the multiple filings from companies such as Canary Capital, Bitwise, 21Shares, and WisdomTree.

“XRP is the next crypto lined up for a spot-based exchange-traded fund after Bitcoin and Ethereum. We have seen filings from companies like Canary Capital, Bitwise, 21Shares, and WisdomTree. Hopefully, with the incoming administration, we'll see those approvals come through.”

It is worth noting that the SEC has not acknowledged any of the filings exclusively tied to XRP. However, crypto enthusiasts expect this to change under the incoming leadership of pro-crypto advocate Paul Atkins.