Ripple USD (RLUSD) Stablecoin Gains Traction as Demand for Payment Solutions Soars, XRP ETF Approval on the Horizon

Ripple President Monica Long has revealed exciting developments for the company's stablecoin, Ripple USD (RLUSD), which is set to launch on more platforms

Ripple is set to expand the availability of its stablecoin, Ripple USD (RLUSD), on more exchanges in the near future. This move comes as part of a broader strategy to capitalize on the surging demand for Ripple's payment solutions.

According to Ripple President Monica Long, in an interview with Bloomberg, demand for Ripple's payment solutions doubled in 2024, highlighting the increasing adoption of Ripple's services among its clients.

In light of this growth, Long expressed optimism for the continued momentum of Ripple's payment solutions in 2025.

This expansion of Ripple USD into additional exchanges also coincides with the anticipated growth in the stablecoin market. As the crypto market expands, stablecoins like RLUSD are expected to play a central role in the evolution of digital finance, Long stated.

Currently, RLUSD is available on a limited number of exchanges compared to major stablecoins like Tether (USDT) and USDC. However, with an increasing presence on various exchanges, RLUSD is poised for greater adoption in the coming year.

Moreover, Long anticipates the upcoming approval of an XRP Exchange-Traded Fund (ETF), which is expected to be a significant development for Ripple in 2025.

This approval would come amid a growing interest in crypto ETFs, particularly for Bitcoin and Ethereum, which have paved the way for other cryptocurrencies to follow.

According to Long, the approval of an XRP ETF is on the horizon, following the increasing demand for crypto ETFs in the investment world.

This optimism aligns with the broader trend of crypto ETFs gaining momentum in the global investment landscape.

Furthermore, market data from Polymarket indicates increasing optimism for an XRP ETF approval in 2025. According to Polymarket, there is a 71% chance of XRP receiving ETF approval this year, a 24-hour increase of 24%.

This growing optimism bodes well for XRP's potential entry into the ETF market, following Bitcoin and Ethereum.