In a recent interview with CNBC, Ripple President Monica Long said that an XRP exchange-traded fund (ETF) would make âa lot of sense.â âIf you think about it, only XRP and Bitcoin have regulatory clarity on their status in the US. XRP is in the top 10 assets by market capitalization and is in the top 5 if you look at daily trading volume. So I think it would make a lot of sense," she said. Long's statement came after Ripple CEO Brad Garlinghouse recently predicted that the launch of a spot XRP ETF was seemingly "inevitable." During a recent interview He explained to CNBC that approving multiple altcoin ETFs would make sense because investors typically don't want to have access to a single coin. At the same time, he believes future Ethereum ETFs will be very successful. Long expects even more institutional interest in the space. Experienced players are entering the relatively nascent cryptocurrency market with Bitcoin ETFs or tokenized assets. đž Ripple stablecoin expected this year According to Long, the as-yet-unnamed stablecoin project should be operational by the end of 2024. "We're working on everything, what do you need to do to bring a product like this to market,â she said.Long argues that there will still be a need for the XRP token even after Ripple launches its stablecoin project, as the former will still be able to serve as a transitional asset. The Ripple executive pointed to various forecasts showing that the aggregate market capitalization of the stablecoin market could reach over 3 trillion dollars in the next five years. Stablecoins are in high demand because they provide easy access to US dollars in different parts of the world. In addition, stablecoins are convenient for making payments.
$XRP#XRP#Ripple
