Ripple’s Monica Long Talks Stablecoin Growth and XRP ETF Hopes

Ripple USD (RLUSD) will soon expand to more platforms, boosting stablecoin adoption.
Ripple’s payment solutions saw strong growth, with demand doubling last year.
Polymarket shows a 71% chance of XRP ETF approval in 2025, fueling market optimism.

Ripple President Monica Long has stated the company’s new stablecoin, Ripple USD (RLUSD), will launch on more platforms soon. In a recent interview with Bloomberg, Long highlighted the momentum behind Ripple’s stablecoin after introducing the stablecoin on five exchanges in December 2024, including CoinMENA, Bitso, Uphold, MoonPay, and Archax.

Long expressed confidence in the future of Ripple USD pointing to strong growth within Ripple’s business, particularly in payments. She noted that demand for Ripple’s payment solutions doubled last year, showing solid adoption among Ripple’s client base.

Long also said the market for stablecoins will likely grow in 2025, along with the overall expansion of the crypto market.

XRP ETF Approval on the Horizon

In other news, Long addressed the possibility of an XRP ETF. She believes approval will likely happen soon. She expects various crypto spot ETFs, including one tied to XRP, to launch shortly.

Ripple’s participation in the ETF space is tied to the global trend of crypto ETFs, which have gained traction, particularly with Bitcoin and Ethereum. Long said XRP will likely be next in line for ETF approval after Bitcoin and Ethereum.

Polymarket’s Positive Outlook for XRP ETF Approval

The growing anticipation around an XRP ETF approval has been evident with data from Polymarket showing a 71% chance of XRP ETF approval in 2025.

This figure has since risen 24% in 24 hours, adding to the clamor of an XRP ETF real soon.

The optimism is in sync with many expecting approvals for crypto ETFs to accelerate in 2025, ever since the approval of spot BTC and ETH ETFs in the U.S in 2024.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.