According to company president Monica Long, Ripple, the blockchain payments company behind $XRP , is expanding its services with a planned US dollar-backed stablecoin and a potential exploration of an exchange-traded fund (#ETF✅ ) based on #XRPcryptowolf .
In a recent interview, Long highlighted the company's sophisticated approach to becoming an enterprise blockchain infrastructure provider. Last July, Ripple achieved legal clarity in the courts by confirming XRP's status as a commodity, paving the way for its operational promotion in the United States.
Long explained that #RippleTrends 's decision to launch a stablecoin stems from its goal of providing a cost-effective and seamless transaction experience for existing payment customers and banks. She stated:
“The USD stablecoin aims to optimize efficiency in major payment corridors where liquidity is abundant, such as USD to EUR transactions. In contrast, XRP will continue to serve as a bridge asset, especially in higher-cost and less liquid payment corridors.”
Ripple provides connectivity infrastructure to multiple blockchain systems and traditional financial systems, facilitates payouts in over 80 markets, and offers custodial services through its acquisition of Metaco. The company is currently exploring new opportunities in asset tokenization, leveraging strategic collaborations and regulatory compliance to ensure market adoption.
In the second half of the year, Ripple's priorities include launching a stablecoin, expanding partnerships, and improving its custodial business to support the tokenization of real assets. Tokenization is becoming increasingly important, and Ripple is committed to supporting it with its custodial solutions.
Despite XRP's legal victory, Ripple's president expressed concern about #XRPVSSEC 's strict stance on the cryptocurrency, stating:
“Clarity on XRP in particular has been very helpful […] [but] the general temperament of the US government, I mean the SEC, has not slowed down in its war on cryptocurrency; It's only accelerating."
However, she noted that Ripple has grown in heavily regulated regions such as Europe, Singapore, Hong Kong, Brazil and the Middle East. Long added that the introduction of MiCA, which provides improved regulation of cryptocurrencies, was a turning point for the European cryptocurrency market.
