Ripple’s RLUSD Grows, XRP ETF Could Be Approved Soon

Ripple President Monica Long recently revealed the company’s intentions regarding its stablecoin, RLUSD, and an XRP exchange-traded fund (ETF). According to Bloomberg, in an interview, Long said the RLUSD stablecoin will be listed on more exchanges soon. 

Launched in December 2024 on five platforms, including CoinMENA and Bitso, RLUSD has expanded its reach with additional listings on platforms like Mercado Bitcoin and Independent Reserve. Long emphasized that more listings are expected “imminently.”

RLUSD, which is pegged to the U.S. dollar, was created to serve the growing decentralized finance (DeFi) sector and simplify global payments. Ripple has integrated Chainlink ’s technology to enhance RLUSD’s functionality, making it even more attractive to businesses and financial institutions.

Apart from RLUSD, Long also highlighted the increasing prospects of an XRP ETF gaining approval soon. She believes that as U.S. cryptocurrency regulation becomes more liberal, XRP could be the next cryptocurrency whose ETF is to be approved. 

This is in the wake of the approval of bitcoin and ether ETFs by the U.S. government and the change of leadership in the U.S. government, which has been instrumental in creating optimism among traders.

Ripple has registered a spurt in U.S. business deals, signing up more deals at the end of 2024 than in the first half of the year. The company’s growth and a positive regulatory climate have driven up XRP prices by a phenomenal 300 percent, outgrowing other large cryptocurrencies.