Long said Ripple’s stablecoin will soon be available on other exchanges, but he did not provide an exact date. A variety of crypto spot ETFs are expected to emerge this year, Long said. believes XRP will be next after Bitcoin and Ether With new US administration, ETF approval expected to speed up
Monica Long said she expects Ripple’s USD (RLUSD) stablecoin to be listed on major crypto exchanges “soon.”
Ripple’s president said in an interview with Bloomberg:
“We continue to expand the distribution and availability of Ripple Dollars on other exchanges, so you can expect more availability and further announcements to come soon.”
Asked how soon, Long said “soon.”
Ripple launched the RLUSD stablecoin on Ethereum and the XRP ledger on December 17th after receiving regulatory approval from the New York Department of Financial Services.
At the time, Ripple CEO Brad Garlinghouse said, “As the U.S. moves toward clearer regulation, companies like RLUSD that offer real-world utility and are backed by years of trust and expertise in the industry We expect stablecoin adoption to increase.”
Currently, RLUSD is available on Archax, B2C2, Bitso, Bullish, Coinmena, Independent Reserve, JST Digital, Keyrock, Mercado Bitcoin, MoonPay, and Uphold. According to Ripple, RLUSD will soon be available on Bitstamp, Flowdesk, and Zero Hash.
Ripple also partnered with Chainlink on January 7th to bring stablecoins to more users across decentralized finance (DeFi) networks.
Introducing XRP ETF
Highlighting the potential of XRP exchange traded funds (ETFs), Long said:
“I think we will soon see a variety of crypto spot ETFs emerge from the US this year. I think XRP is likely to come next after Bitcoin and Ether.”
Garlinghouse said in October that the introduction of an XRP ETF was “inevitable” despite ongoing legal issues between the U.S. Securities and Exchange Commission (SEC) and Ripple. Several companies have already applied for XRP ETFs, including Canary Capital.
Long continued: “We believe the approval of these applications will accelerate, especially with the change in administration.”
President-elect Donald Trump’s administration is seen as more pro-cryptocurrency than the outgoing team of Joe Biden.
President Trump has already made several appointments, including Paul Atkins as the next SEC chairman, Beau Hines as executive director of the Cryptocurrency Council, and David Sachs as chief policy advisor on artificial intelligence and cryptocurrencies. We are inviting pro-choice candidates such as Mr. “White House AI and the Crypto Emperor.”
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