Ripple Plans Major Expansion for RLUSD Stablecoin, Teases Upcoming Exchange Listings

Ripple's president, Monica Long, has hinted that the Ripple USD (RLUSD) stablecoin will soon make its way onto major crypto exchanges.

In an interview on January 7, Long revealed that the company is actively working on expanding the availability of RLUSD and expects to make announcements soon. While she didn’t provide specifics, it’s clear that Ripple is pushing forward with listing RLUSD on prominent platforms in the near future.

Since its launch in December 2024, RLUSD has already found its place on several platforms, including Bitso, MoonPay, and Bullish. With a current market cap of around $71.8 million, the stablecoin has shown promising growth.

However, the majority of its trading volume is still concentrated on Bullish exchange, particularly through the RLUSD/USD Coin (USDC) and XRP/RLUSD pairs. Sologenic, a decentralized exchange, also contributes a smaller portion of RLUSD trading, handling about $3.4 million in daily volume.

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Ripple has big plans for RLUSD, especially considering the rapid growth in its payment business. According to Long, Ripple’s payment solutions doubled in 2024, and the company sees RLUSD playing a crucial role in that success. She also expressed confidence in the future of stablecoins, anticipating a surge in demand as the crypto market continues to grow.

Looking ahead, Long also touched on Ripple’s prospects in the ETF space. With Ripple’s XRP potentially following in the footsteps of Bitcoin and Ethereum, she believes an XRP exchange-traded fund (ETF) could be approved soon. She pointed out that several firms, such as WisdomTree and Bitwise, have already filed for XRP ETF products and that she expects regulatory approvals to accelerate under the new U.S. administration.

Alexander Zdravkov