Ripple President Confirms Upcoming RLUSD Stablecoin Listings on Leading Exchanges

Ripple President Monica Long recently revealed in an interview that the company’s Ripple USD (RLUSD) stablecoin is on track to be listed on several major crypto exchanges very soon. You can learn the full information about this upcoming RLUSD Stablecoin from Daily Crypto Signals.

Ripple President Monica Long recently revealed in an interview that the company’s Ripple USD (RLUSD) stablecoin is set to be listed on additional major crypto exchanges shortly.

Long underscored Ripple’s dedication to expanding RLUSD’s accessibility and distribution but did not disclose which exchanges would be involved in the upcoming listings.

Introduced on December 17, 2024, RLUSD is pegged 1:1 to the U.S. dollar and currently holds a market capitalization of $71.8 million. At present, RLUSD is available for trading on platforms such as Bitso, MoonPay, CoinMina, Bullish, and Mercado Bitcoin, among others. Notably, Bullish accounts for over 76% of RLUSD’s trading volume, primarily through two pairs: RLUSD/USD Coin and XRP/RLUSD. The decentralized exchange Sologenic also supports RLUSD trading, though it represents a smaller share of the market.

Long credited the rising demand for RLUSD to Ripple’s expanding payments business, which she noted has doubled over the past year.

She expressed confidence in the broader stablecoin market, which has surged by 55% since last year, reaching a total value of $206.2 billion, according to recent data from DefiLlama.

Beyond RLUSD, Long hinted that XRP could soon be approved for its exchange-traded fund (ETF), following the expected approvals for Bitcoin and Ethereum ETFs. Several companies have already submitted filings with the U.S. Securities and Exchange Commission (SEC) for XRP ETFs.

To further improve RLUSD’s utility, Ripple has partnered with Chainlink to integrate price feeds for RLUSD across both the Ethereum blockchain and the XRP Ledger.

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