Ripple’s RLUSD Set For Broader Distribution, XRP ETF Coming “Very Soon”

Ripple President Monica Long expressed strong optimism about the imminent approval of a spot XRP exchange-traded fund (ETF) in the United States.

Ripple President Monica Long has expressed strong optimism about the imminent approval of a spot XRP exchange-traded fund (ETF) in the United States, during a recent interview with Bloomberg Crypto. Long also provided insights into the expansion of Ripple’s new RLUSD stablecoin, which she believes will see major adoption in the coming months.

Highlighting the recent activity in the crypto ETF space, Long stated that she expects to see more spot ETFs approved in the US this year, and that XRP is likely to be next in line after Bitcoin and Ethereum.

“We know that there's a lot of interest in XRP. We've seen various asset managers, Canary included, file for XRP ETFs. So I think we will see one very soon. I think that we will see more, you know, various crypto spot ETFs this year coming out of the US. And I think XRP is likely to be next in line after Bitcoin and ETH,” she said.

She noted that various asset managers—including Canary Capital, WisdomTree, 21Shares, and others—have already filed for XRP ETFs. Pointing to a more favorable regulatory environment, Long added:

“There’s already been a number of different companies like Canary and others who have filed. And so we think especially with the administration change and that the approvals of those filings will accelerate.”

In October, Bitwise filed a registration statement (Form S-1) with the U.S. Securities and Exchange Commission (SEC) for an XRP ETF. Since then, multiple firms have submitted applications, but the SEC has yet to make a decision.

Long also provided an update on the expansion of Ripple’s RLUSD stablecoin, which launched on Ethereum and the XRP Ledger in December. The stablecoin is currently available on Bitso, MoonPay, and CoinMina, with additional listings in progress on Bullish and MercadoBitcoin.

When asked about the possibility of RLUSD being listed on larger US-based exchanges such as Coinbase, she stated: “We are continuing to expand distribution and availability of Ripple dollars on other exchanges. So I think you can expect to see more availability, more announcements coming soon.”

Pressed for a timeline, she emphasized: “Imminently.”

Long highlighted the growing role stablecoins play in both trading and payments, describing them as “the way to on-ramp and off-ramp” in crypto. According to Long:

“If we look at the crypto landscape overall, it has certainly been growing in the past couple quarters. We think this year is going to be a big year for crypto overall. And so demand for stablecoins, we think, will grow along with that. […] Ripple US dollar will have a premium role.”

RLUSD has reached a market capitalization of around $53 million since its launch. To enhance its utility in decentralized finance (DeFi) protocols, Ripple has integrated Chainlink services into RLUSD, further supporting Long's vision for widespread adoption.