Ripple’s president said the RLUSD stablecoin will be listed on multiple exchanges “soon”.
Long said Ripple's stablecoin will soon be available on other exchanges, but did not give an exact time frame. Different crypto spot ETFs are expected this year and Long believes XRP will follow Bitcoin and Ether with the new US administration expecting ETF approval. It accelerates
Monica Long says she expects Ripple's USD (RLUSD) stablecoin to be listed on a major crypto exchange “soon.”
Ripple's president said in an interview with Bloomberg:
“We will continue to expand the distribution and availability of Ripple Dollars on other exchanges, so I think you can expect to see more availability and announcements coming soon.”
When asked how soon, Long responded, “Soon.”
Ripple launched the RLUSD stablecoin on Ethereum and XRP Ledger on December 17 after receiving regulatory approval from the New York Department of Financial Services.
Brad Garlinghouse, CEO of Ripple at the time, said: “As the US transitions to more transparent regulations, we expect to see the adoption of stablecoins like RLUSD, which provide real services and are backed by years of trust and experience in the industry.” “
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 partnered with Chainlink on January 7 to bring a stablecoin to more users in the decentralized finance (DeFi) network.
The XRP ETF is coming.
Turning his attention to the XRP exchange-traded fund (ETF) opportunity, Long said:
“I think we'll soon see, you know, different crypto spot ETFs coming out of the US this year. I think XRP will rank next to Bitcoin and Ether.
In October, Garlinghouse said an XRP ETF was “inevitable” despite legal issues between the US Securities and Exchange Commission (SEC) and Ripple. Several companies, including Canary Capital, have offered XRP ETFs.
Long continued: “Especially with the change in administration, we think the approval of those submissions will accelerate.
President-elect Donald Trump's administration is considered pro-crypto compared to Joe Biden's outgoing team.
Trump has already made several appointments, bringing in pro-nominees including Paul Atkins as the next SEC chairman, Bo Hines, executive director of the Crypto Council, and David Sachs, who will be a policy advisor on artificial intelligence and crypto. “White House AI and the Crypto Czar”.
