Ripple stablecoin Vice President Jack McDonald revealed that the company plans to launch its USD-pegged stablecoin RLUSD on more exchanges, including Coinbase in the United States. McDonald stated that getting RLUSD listed on exchanges involves complex technical processes, including supporting different blockchains and their assets. Additionally, he mentioned that some exchanges have economic partnerships with specific stablecoins, such as Coinbase with USDC and Binance with FDUSD, but he believes Coinbase may gradually expand the range of supported stablecoins. Currently, Coinbase supports various stablecoins including USDC, PAX, GUSD, PYUSD, and USDT.
McDonald expects that by the end of 2025, more exchanges will support RLUSD. He also pointed out that the stablecoin market in the future will be dominated by issuers with institutional support and compliance capabilities, while smaller issuers will face challenges due to high compliance costs. This week, Bitstamp announced support for RLUSD, which was launched last month on Ethereum and XRP Ledger and received approval from the New York State Department of Financial Services (NYDFS). (The Block)

#XRP