AUS
NZ
UK
CA
USA
IND
Highlights
- Ripple’s RLUSD set to hit more exchanges soon.
- XRP ETF launch likely in 2025 alongside other altcoin ETFs.
- Ripple sees continued growth in its payment solutions.
Ripple’s President, Monica Long, shared exciting news that Ripple’s stablecoin, RLUSD, is expected to make significant strides in 2025, bringing new opportunities to crypto users. The RLUSD, also referred to as the ‘Ripple Dollar’, has already begun trading on select exchanges, including Bitstamp, Bitso, Moonpay, Independent Reserve, and Bullish. However, Long assured that Ripple is working on expanding to more platforms soon, though no precise timeline was revealed.
Currently running on both the XRP Ledger (XRPL) and Ethereum, RLUSD is a fresh and smaller player in the stablecoin market, with a market cap of about US$53 million (AU$85.3 million). Despite being in its early stages, its 24-hour trading volume of US$138.9 million (AU$223.5 million) shows promising engagement, and Long expressed confidence that adoption will accelerate, fueled by the overall growth of the cryptocurrency market. Ripple’s president emphasized that the rise of stablecoins like RLUSD as vital on-ramping and off-ramping tools will contribute to a dynamic shift.
Looking ahead to 2025, Long emphasized the significant potential that cryptocurrencies and blockchain will experience as adoption continues to expand. Ripple (ASX:XRO) is well-positioned to capitalize on this growth, with Long highlighting how their payments business doubled in 2024. The advancements in Ripple's payment solutions signal an ongoing commitment to fostering the adoption of decentralized finance across different platforms.
In addition to RLUSD’s growth prospects, Monica Long also discussed the possible emergence of a spot ETF for XRP (ASX:XRP), predicting that such an ETF could arrive soon, as altcoin ETFs start to gather momentum in the US. With Bitcoin (ASX:BTC) and Ether (ASX:ETH) already trading through ETFs, Ripple's ETF ambitions are closely aligned with market trends. Long believes that the ongoing shifts within US regulatory bodies, particularly following the expected departure of SEC Chairman Gary Gensler, will fast-track the approval of these altcoin ETFs.
Bloomberg Intelligence analyst, Athanasios Psarofagis, echoed Long’s thoughts on the growing appetite for crypto ETFs and their recent success. Crypto ETFs such as those for Bitcoin have demonstrated strong net inflows, and this success is driving other altcoin projects to seek a piece of the market.
With crypto trends set to heat up in 2025, Ripple’s (ASX:XRO) innovations in RLUSD and potential ETF approval could revolutionize how the market interacts with digital currencies.
