Ripple, one of the leading companies in the crypto ecosystem, is about to launch its RLUSD stablecoin on major cryptocurrency trading platforms. This was confirmed by its president, Mónica Long, who also pointed out the imminence of a spot ETF for the XRP token.
In a recent interview with Bloomberg TV, Long highlighted how changes to US regulators, such as the SEC, could open up new opportunities for the crypto sector. According to the executive, spot ETFs for several cryptocurrencies, including XRP, are getting closer to becoming a reality.
As for RLUSD, Long assured that it will soon be available on leading exchanges such as Coinbase. However, he avoided giving a specific date, responding with an enigmatic "imminently." Currently, the stablecoin is already on platforms such as Bitso, but its arrival on the main exchanges generates great expectations.
The launch of RLUSD represents a major milestone for Ripple, especially considering the years of fighting the SEC. Despite the regulator's attempts to classify XRP as a security, Ripple managed to prevail in this long legal battle, strengthening its position against future regulatory challenges.
Thanks to this success, Ripple enjoys greater freedom to expand into different markets. This gives it a strategic advantage to introduce RLUSD in multiple jurisdictions before some of its competitors. Although Tether's USDT currently dominates the stablecoin market, RLUSD could position itself as a significant contender.
RLUSD's entry into the US market, supported by a more favorable regulatory framework under the Trump administration, marks a solid starting point. According to Long:
«We believe that this will be a great year for the crypto market. “Demand for stablecoins will continue to grow, and RLUSD will play a crucial role in this context.”
Additionally, Long highlighted the increasing demand for Ripple's institutional payment solutions, a field in which the company plans to expand rapidly.
Long also spoke about the imminence of an XRP spot ETF, ensuring that this product is already on hold following the successful launches of Bitcoin and Ethereum funds. Companies like Canary Capital have already submitted applications, and Ripple is confident that the change in SEC administration will make it easier to approve these funds.
“XRP will be among the first spot ETFs to be approved, and this will be an important catalyst for its adoption,” Long said.
Source: Alejandro Gil / Criptotendencia.
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