In a recent interview with Bloomberg Crypto, Ripple’s President Monica Long shared some interesting details regarding the company’s efforts to expand its presence within the crypto market and she expects that the XRP-ETF can be approved soon. The interview mostly was surrounded by question regarding the Ripple’s newly launched stablecoin (RLUSD).
Availability of Ripple Dollars (RLUSD)
The interviewer asked Long if there is possibility of Ripple’s RLUSD being available on other major exchanges like Coinbase apart from the currently available platforms such as Bitso, MoonPlay, and CoinMina.
To this Monica Long replied, “We are continuing to expand distribution and availability of Ripple Dollars on other exchanges. Expect more announcements imminently.” With this comment from Long, the crypto community now early waits for further updates on this situation.
Stablecoin Demand and Crypto Growth Projections
Ripple believes that the coming years are going to be crucial for the crypto world due to the change in administration at the White House. According to Long, the market for stablecoin will increase as a viral assets for trading and on/off-ramping.
“Our client demand is strong, and we foresee tremendous growth over the next year” said Long as the payment business for Ripple doubled the last year.
Spot XRP ETFs
In the interview, the topic of spot XRP ETF was also brought up. To this Monica Long highlighted that with Bitcoin and Ethereum already paving the way in the ETF sector, XRP seems to be the next in line to gain an ETF approval.
Long expressed optimism and commented “I think we will see one very soon. The US market is poised for more crypto spot ETFs this year, and XRP is likely next in line.”
With companies like Canary filing for XRP related ETFs, Long believes, regulatory changes from the upcoming administration could possibly lead to accelerated approvals. If XRP ETFs are approved, it will provide a boost to XRP’s adoption amongst large institutions and retail investors.
Strong Start for Crypto
A meeting was held between Donald Trump, Ripple’s CEO Brad Garlinghouse, and CLO Stuart Alderoty at Trump’s Mar-a-Lago estate in Florida yesterday. Brad Garlinghouse posted a picture in on X and captioned it as “Strong Start to 2025!”. This picture then generated a significant buzz within the crypto industry.
The community now speculates that the meeting might have been regarding regulatory changes which might be imminent this year within the sector and the changes will be in favor of the crypto industry specially for Ripple.
With these developments, it seems like the cryptocurrency company is set for a breakthrough this year and might get back as it was before the SEC filed the lawsuit.
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