Ripple President Monica Long revealed in a recent interview that the company's Ripple USD (RLUSD) stablecoin will soon expand its availability through listings on additional major cryptocurrency exchanges.
RLUSD Stablecoin Expansion Plans
Long emphasized Ripple's commitment to improving RLUSD's distribution but did not disclose specific exchange partners. The stablecoin, launched on December 17, 2024, maintains a 1:1 peg to the U.S. dollar and currently boasts a market capitalization of $71.8 million.
Current RLUSD Trading Platforms
Presently, RLUSD is tradable on:
- Bitso
- MoonPay
- CoinMina
- Bullish (accounts for 76% of trading volume)
- Mercado Bitcoin
- Sologenic DEX (smaller market share)
Primary trading pairs include RLUSD/USD Coin and XRP/RLUSD on Bullish.
👉 Discover how RLUSD compares to other stablecoins
Growing Demand and Market Potential
Long connected RLUSD's increasing adoption to Ripple's expanding payments business, which has doubled in size over the past year. The broader stablecoin market has grown significantly, showing:
- 55% increase since last year
- Total market value of $206.2 billion (per DefiLlama)
Future Developments
XRP ETF Potential
Long suggested XRP may soon follow Bitcoin and Ethereum in receiving ETF approval, with multiple companies already filing applications with the U.S. SEC.
Technical Enhancements
Ripple has partnered with Chainlink to integrate RLUSD price feeds across:
- Ethereum network
- XRP Ledger
This integration will improve RLUSD's functionality across different blockchain ecosystems.
👉 Learn about stablecoin integration strategies
FAQ Section
Q: When was RLUSD launched?
A: December 17, 2024.
Q: What is RLUSD's current market capitalization?
A: $71.8 million.
Q: Which exchange handles most RLUSD trading volume?
A: Bullish, accounting for over 76% of volume.
Q: What trading pairs are available for RLUSD?
A: Primarily RLUSD/USD Coin and XRP/RLUSD.
Q: How is Ripple improving RLUSD functionality?
A: Through Chainlink integration for cross-chain price feeds.
Q: Could XRP get an ETF soon?
A: Industry filings suggest this possibility following Bitcoin and Ethereum ETF approvals.