- Long said Ripple’s stablecoin will soon be available on other exchanges, but didn’t give an exact timeframe
- Various crypto spot ETFs are expected this year and Long believes XRP will be next after Bitcoin and Ether
- With a new US administration, it’s expected that ETF approvals will speed up
Monica Long has said she expects Ripple’s USD (RLUSD) stablecoin to be listed on major crypto exchanges “imminently.”
Speaking in an interview with Bloomberg, the Ripple president said:
“We are continuing to expand distribution and availability of Ripple dollars on other exchanges. So I think you can expect to see more availability, more announcements coming soon.”
When questioned how soon, Long responded with “imminently.”
Ripple launched its RLUSD stablecoin on December 17 on the Ethereum and XRP Ledger after receiving regulatory approval from the New York Department of Financial Services.
At the time, Brad Garlinghouse, Ripple CEO, said: “As the US moves toward clearer regulations, we expect to see greater adoption of stablecoins like RLUSD, which offer real utility and are backed by years of trust and expertise in the industry.”
At present RLUSD is available on Archax, B2C2, Bitso, Bullish, Coinmena, Independent Reserve, JST Digital, Keyrock, Mercado Bitcoin, MoonPay, and Uphold. According to Ripple, RLUSD will soon be available on Bitstamp, Flowdesk, and Zero Hash.
Ripple also teamed up with Chainlink on January 7 to bring its stablecoin to more users across the decentralized finance (DeFi) network.
An XRP ETF is coming
Turning their attention to the possibility of an XRP exchange-traded fund (ETF), Long said:
“I think we will see one very soon, you know, various crypto spot ETFs this year coming out of the US. I think XRP is likely to be next in line after Bitcoin and Ether.”
In October, Garlinghouse said that an XRP ETF is “inevitable” despite ongoing legal issues between the US Securities and Exchange Commission (SEC) and Ripple. Several companies have already filed for an XRP ETF, including Canary Capital.
Long continued: “We think especially with the administration change, the approvals of those filings will accelerate.”
President-elect Donald Trump’s administration is considered pro-crypto compared to Joe Biden’s outgoing team.
Trump has already made several appointments, bringing in pro-candidates including Paul Atkins as the next SEC Chair, Bo Hines, as executive director of the Crypto Council, and David Sacks who will be the lead policy advisor on artificial intelligence and crypto, dubbing him the “White House AI and Crypto Czar.”
