Ripple Lab’s newly launched stablecoin, RLUSD, is steadily making waves in the crypto world. With its recent adoption by prominent exchanges like Bitstamp and Bullish, Ripple’s President Monica Long, envisions a broader expansion.
In a recent interview shared on X, Long confidently hints that Coinbase could soon join the roster. If this happens, it could mark another significant milestone in RLUSD’s journey toward global adoption.
Ripple RLUSD Expands Trading Pairs on Major Platforms
Bitstamp’s integration of RLUSD has significantly broadened its accessibility. The platform now offers trading pairs such as RLUSD/EUR, RLUSD/USDT, RLUSD/USD, RLUSD/BTC, RLUSD/ETH, and RLUSD/XRP.
These trading pairs position RLUSD as a versatile asset for institutional and retail traders. The stablecoin provides easy access to digital USD and is a reliable tool for cross-border business payments.
RLUSD offers on and off-ramps, allowing users to move funds between traditional and digital currencies. Monica Long also said RLUSD would be supported by XRP, which does not rely on other parties. This makes the asset more stable and easier to use.
Ripple Payments Sees Growing Demand
RippleNet, powered by XRP and now boosted by RLUSD, is on a rapid growth trajectory. Monica Long shared that demand for Ripple’s payment solutions doubled last year, showing its rising importance in global finance.
As RLUSD becomes more integrated, Ripple expects market activity to skyrocket this year. Financial institutions and traders alike are expected to drive this surge. Since its launch in December, RLUSD has reached a market value of about $73 million, with over 80 million coins minted.
The asset has quickly become the fourth-most traded stablecoin, increasing its trading volume by over 2000%. This rapid growth shows the trust and adoption it has gained quickly. Ripple plans to expand RLUSD’s reach even further, positioning it as a top asset in its ecosystem.
What’s Next for RLUSD And XRP?
Ripple’s vision goes beyond its current partnerships. Monica Long predicts that RLUSD will soon be listed on Coinbase. This reflects Ripple’s goal to make RLUSD one of the top stablecoins.
RLUSD could set new standards for stablecoin use, liquidity, and popularity as the crypto market changes. With strong plans for growth and a proven record, RLUSD is more than just a stablecoin; it represents Ripple’s future vision for finance.
Additionally, Monica Long mentioned that an XRP Exchange-Traded Fund (ETF) will be coming very soon. This means XRP will likely be available for investment in a new way, making it more accessible to a wider audience.
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