In a recent tweet, Ripple President Monica Long highlighted the rapid rise of Ripple USD (RLUSD), a stablecoin that is garnering increasing attention in the crypto space. During an interview with Bloomberg Crypto, Long discussed the potential of RLUSD and its strategic alignment with XRP in providing seamless solutions for cross-border payments and access to digital USD.
RLUSD’s growing use cases are at the forefront of Ripple’s mission to bolster the stablecoin market. Long emphasized that RLUSD is set to benefit from what she described as an “exponential growth” in the stablecoin sector this year. She explained that Ripple USD will play a key role in both B2B international transfers and retail transactions, with the added advantage of being “bolstered by complementary assets like XRP,” which are counterparty-free.
Kicking off 2025 talking about (one of) my new fave topics – $RLUSD! With the stablecoin market poised for exponential growth this year, use cases – such as on/off ramps, access to USD and enterprise cross-border payments – are only becoming more robust, bolstered by… https://t.co/gsTRMBhtpN
— Monica Long (@MonicaLongSF) January 8, 2025
The stablecoin was recently listed by major European exchange Bitstamp, a significant milestone in its journey toward wider adoption. The exchange has already added several trading pairs for RLUSD, including RLUSD/EUR, RLUSD/USDT, RLUSD/USD, RLUSD/BTC, RLUSD/ETH, and RLUSD/XRP. According to Long, Ripple anticipates further listings, with major players like U.S.-based Coinbase likely to follow suit in the near future.
Ripple’s CEO also hinted at a strong growth trajectory for RippleNet, the company’s payment solution network powered by XRP. She pointed to the doubling of demand for Ripple payments from clients last year, indicating a strong potential for RLUSD in the coming months.
With RLUSD now enjoying a market capitalization of around $73 million, Ripple’s stablecoin is quickly positioning itself as a leader in the fast-evolving world of digital currencies. Long’s optimistic outlook suggests that RLUSD will continue to play a vital role in Ripple’s ongoing expansion, promising robust opportunities for both financial institutions and retail traders in the near future.
Also Read: Ripple’s RLUSD Stablecoin Listed on Bitstamp: Six New Trading Pairs and Future Growth Ahead
As the stablecoin market grows exponentially, Ripple’s innovations like RLUSD are undoubtedly poised for even greater success.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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