- Lengthy mentioned Ripple’s stablecoin will quickly be accessible on different exchanges, however didn’t give an actual timeframe
- Numerous crypto spot ETFs are anticipated this yr and Lengthy believes XRP might be subsequent after Bitcoin and Ether
- With a brand new US administration, it’s anticipated that ETF approvals will pace up
Monica Lengthy has mentioned she expects Ripple’s USD (RLUSD) stablecoin to be listed on main crypto exchanges “imminently.”
Talking in an interview with Bloomberg, the Ripple president mentioned:
“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 quickly, Lengthy 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 Division of Monetary Providers.
On the time, Brad Garlinghouse, Ripple CEO, mentioned: “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 current RLUSD is out there on Archax, B2C2, Bitso, Bullish, Coinmena, Unbiased Reserve, JST Digital, Keyrock, Mercado Bitcoin, MoonPay, and Uphold. In line with Ripple, RLUSD will quickly be accessible on Bitstamp, Flowdesk, and Zero Hash.
Ripple additionally teamed up with Chainlink on January 7 to convey its stablecoin to extra customers throughout the decentralized finance (DeFi) community.
An XRP ETF is coming
Turning their consideration to the opportunity of an XRP exchange-traded fund (ETF), Lengthy mentioned:
“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 mentioned that an XRP ETF is “inevitable” regardless of ongoing authorized points between the US Securities and Trade Fee (SEC) and Ripple. A number of firms have already filed for an XRP ETF, together with Canary Capital.
Lengthy continued: “We think especially with the administration change, the approvals of those filings will accelerate.”
President-elect Donald Trump’s administration is taken into account pro-crypto in comparison with Joe Biden’s outgoing staff.
Trump has already made a number of appointments, bringing in pro-candidates together with Paul Atkins as the following SEC Chair, Bo Hines, as govt director of the Crypto Council, and David Sacks who would be the lead coverage advisor on synthetic intelligence and crypto, dubbing him the “White House AI and Crypto Czar.”
