Yesterday, Grayscale announced the launch of an XRP Trust in the U.S., paving the way for a potential ETF and signifying the institutional backing in Ripple & XRP. Since resolving the SEC lawsuit, Ripple has fast-tracked its plans and announced it is only weeks away from launching Ripple USD (RLUSD).

Rumours abound that the company might also be exploring stablecoins in different currencies (i.e. Japanese Yen and Euro ) and the company has been gaining the backing of plenty of institutions such as SBI, one of Japan's largest bank.

With the regulatory cloud lifted and strong institutional support, Ripple's long-awaited 4-year valuation update seems closer than ever.

Ripple President Monica Long had already suggested earlier this year that a spot XRP ETF in the U.S. "would make sense". XRP jumped 8% the hour of yesterday's Grayscale XRP Trust announcement as it paves the way for a potential XRP ETF.

Ripple is set to disrupt the stablecoin market with Ripple USD, as the global stablecoin market is expected to reach $3 trillion in the next four years. Tether, one of the largest stablecoin providers, reported $5.2 billion in profit in the first half of 2024, highlighting the immense growth and profitability potential of the sector.$XRP $DASH $LTC