#Ripple President Monica Long reveals the company’s strategic plans to roll out its stablecoin, RLUSD, on major trading platforms like Coinbase.
Monica made this known in a recent interview with Bloomberg. Recall that on December 17, Ripple USD launched on five exchanges, such as CoinMENA, Bitso, Uphold, MoonPay, and Archax.
The crypto payments company announced additional listings on other platforms like Mercado Bitcoin and Independent Reserve.
RLUSD to Launch on Coinbase Imminently
However, Ripple has yet to announce the stablecoin’s launch date on leading exchanges like Coinbase and Binance. During a recent interview on Bloomberg, Monica was asked when Ripple plans to launch RLUSD on these platforms, specifically Coinbase.
Responding, she emphasized that Ripple is expanding RLUSD’s availability and distribution to more platforms. She pointed out that announcements about major exchange listings, including Coinbase, will come soon. When asked how soon this will happen, she said, ‘imminently.’
Ripple President Expects More Adoption for RLUSD
Furthermore, Monica was asked to provide insights into RLUSD’s adoption and growth potential over the next year. Notably, she tied the adoption of the Ripple stablecoin to the overall crypto market growth, suggesting that stablecoins are essential for payments and trading.
The Ripple President expects this year to be “big” for crypto, adding that demand for stablecoins will surge alongside. According to her, RLUSD will have a premium role in Ripple’s payment solution.
“So we see a really strong growth trajectory for our payments solution, with that Ripple USD will have a premium role,” Monica remarked.
In the meantime, RLUSD’s trading volume has skyrocketed by 211.81% over the past 24 hours to $75.69 million. The stablecoin maintains its $1 price alongside a notable market cap of $53.09 million at press time.