Ripple announces that Ripple USD will be offered in more markets, preparing for a potential XRP ETF issuance that could stir interest in crypto assets.
Expansion of Ripple USD
Ripple USD (RLUSD) is set to be listed on additional exchanges, enhancing its status as a major stablecoin. This is expected to boost the token's usage. Ripple President Monica Long revealed that the decision followed Ripple USD's successful listing on five exchanges in late 2024, including CoinMENA, Bitso, Uphold, MoonPay, and Archax. Long emphasized that the expansion aims to increase Ripple USD's utilization.
Success of Ripple's Payment Solutions
Sales of Ripple's payment solutions doubled last year, indicating increased adoption within the blockchain payment industry. Monica Long highlighted that broader service offerings have strengthened Ripple’s market position, expanding the number of blockchain-based payment systems. Long is optimistic about further growth in the stablecoin market, aligning with overall trends in the cryptocurrency market.
XRP ETF Prospects and Future Trends
Ripple is planning to enter the exchange-traded fund (ETF) space and considers launching an XRP-linked ETF. According to sources like Polymarket, there is a 71% probability of an XRP ETF approval in 2025. This is higher than the previously recorded figure of 24%, showing investor interest in crypto ETFs. Such approvals could enhance XRP's standing within the financial network.
Ripple is actively expanding its capabilities across various platforms, focusing on strengthening its stablecoin position and the potential issuance of an XRP-based ETF, which may significantly impact the financial ecosystem.
