Ripple announced the upcoming expansion of its stablecoin Ripple USD (RLUSD) to new platforms, marking a significant step in strengthening its market position.
Expansion of RLUSD to New Platforms
Ripple President Monica Long stated that the company's new stablecoin, RLUSD, will soon be available on more platforms. Following its successful launch on five exchanges in December 2024, including CoinMENA, Bitso, Uphold, MoonPay, and Archax, Ripple aims to increase the availability of RLUSD.
Increased Demand for Ripple's Payment Solutions
Monica Long highlighted Ripple's strong growth in the payments sector. Demand for the company's payment solutions doubled last year, showing a strong adoption rate among Ripple's client base.
Stablecoin Market Prospects and Expected XRP ETF Approval
Long also expressed optimism about stablecoin market growth in 2025. According to Polymarket, there is a 71% probability of XRP ETF approval in 2025, fueling positive market sentiment.
The launch of RLUSD on new platforms and potential XRP ETF approval make 2025 promising for Ripple and the stablecoin market as a whole.
