In a recent Twitter post, Ripple‘s President, Monica Long, discussed Ripple’s latest innovation, RLUSD, following a conversation she had about it with Bloomberg Crypto the day prior.
Additionally, she brought up XRP during her discussion about Ripple’s USD (RLUSD) applications. It’s worth noting that RLUSD is now available on Bitstamp, one of the largest European exchanges, and various trading options with it have been introduced.
RLUSD use cases to get even more robust per Long
Monica Long, Ripple’s president, posted a clip from her latest Bloomberg interview, where she mentioned one of her current favorite subjects – RLUSD (Ripple LocalUMSD), which she discussed at the start of 2025.
In the same vein of thoughts expressed in the interview, Ripple’s leading executive predicted a significant surge or “exponential growth” in the stablecoin market this year. As a result, the applications for Ripple USD, such as on and off ramps, digital USD access, and enterprise cross-border payments, are expected to grow even stronger. Long also mentioned that RLUSD will benefit from assets like XRP, which offer counterparty-free, supportive functionalities.
2025 marks the start of discussions around one of my latest favorite subjects – $RLUSD! As the stablecoin market gears up for significant expansion this year, applications like on/off ramps, access to USD, and enterprise cross-border payments are growing increasingly resilient. This strengthening is fueled by…
— Monica Long (@MonicaLongSF) January 8, 2025
Big year for crypto and RLUSD coming, Ripple President says
Monica Long is confident that once regulatory-compliant stablecoin RLUSD is adopted by prominent exchanges like Bitstamp and Bullish, it’s only a matter of time before other major players such as Coinbase list the “Ripple dollar.” This is because Ripple is actively working to increase the distribution and accessibility of their stablecoin. Previously reported by U.Today, Bitstamp has introduced several trading pairs for this new asset: RLUSD/EUR, RLUSD/USDT, RLUSD/USD, RLUSD/BTC, RLUSD/ETH, and RLUSD/XRP.
The leader of Ripple explained that RLUSD (Ripple’s stablecoin) is anticipated to be primarily used by financial institutions and individual traders for various purposes like international business transactions, trading, etc. Ripple predicts a significant expansion in the market during the upcoming year. Last year, demand for Ripple payments from Ripple customers doubled, as mentioned by Long. This indicates a promising growth trend for their payment solution based on RippleNet and utilizing XRP. The president stated that RLUSD will likely have a significant impact in this growth trajectory.
At the moment, as per information from CoinGecko, the market cap of RLUSD is approximately $73 million, and over 80 million coins have been produced by Ripple since its initial release in early December.
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2025-01-09 16:30