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Cryptocurrency News Articles

Ripple (XRP) President Monica Long Predicts a Big 2025 for the Crypto Industry, Expects RLUSD Stablecoin to Play a Premium Role

Jan 08, 2025 at 05:52 pm

Ripple President Monica Long is very optimistic about 2025's possibilities for the company and its offerings, and users of the rising Ripple USD (RLUSD) stablecoin and XRP cryptocurrency could be in for more big news in the coming weeks.

Ripple (XRP) President Monica Long Predicts a Big 2025 for the Crypto Industry, Expects RLUSD Stablecoin to Play a Premium Role

Ripple President Monica Long has expressed optimism about the upcoming year, hinting at the possibility of Ripple's stablecoin, RLUSD, being listed on additional crypto exchanges imminently.

During an interview with Bloomberg Crypto on Tuesday, Long discussed the recent launch of RLUSD and its potential availability on major exchanges.

"Imminently, you will see the stablecoin available on additional exchanges," she stated.

When pressed specifically about the potential for RLUSD to go live on exchanges like Coinbase, Long mentioned that Ripple is continuously expanding the distribution and availability of Ripple dollars on other platforms.

Despite the enthusiasm and positive body language displayed by Long during the questioning, she did not provide a clear timeline for the addition of RLUSD to other exchanges.

However, her statements and demeanor suggest that it may not be long before other exchanges begin offering the stablecoin.

Currently, RLUSD is only available on five exchanges, unlike other major stablecoins such as Tether (USDT) and USDC, which are widely traded on the largest crypto exchanges.

Earlier in the year, there were comparisons drawn between RLUSD and USDT, given that RLUSD is a regulated stablecoin, while USDT's status as a regulated asset is unclear due to a lack of transparency from Tether.

Long also expressed positivity about the overall crypto landscape in 2025, with the company expecting it to be a big year for the broader industry, as institutional adoption continues to be a key driver.

"I think we will see one very soon. I think XRP is likely to be next in line," she stated.

XRP's journey back from below $1 to above $2 in the last quarter of 2024 has been remarkable, fueled by anticipation surrounding regulatory clarity and relief under a new government and filings for XRP ETFs.

To date, four filings have been made for XRP ETFs: Bitwise, Canary Capital, 21Shares, and WisdomTree. Among its altcoin peers outside Bitcoin and Ethereum, XRP has garnered the most interest so far in terms of spot products, based on the ETF filings.

Ripple expects the approval of such filings to accelerate, especially with the entry of a new administration in the White House.

Ripple was undoubtedly the comeback story of the crypto industry in 2024. It remains to be seen how 2025 will unfold – whether RLUSD's availability in bigger exchanges and XRP ETFs' approval progress will impact the company that was, in the past four years, largely focused on proving the SEC wrong in its security tagging of the XRP token.

News source:www.ibtimes.com

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Other articles published on Jan 09, 2025