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Ripple’s President, Monica Long, announced that the RLUSD stablecoin is poised to make its mark on major exchanges. Currently traded on only a few platforms, RLUSD is expected to expand its presence in conjunction with Ripple’s growing digital payment solutions.
Current Status of RLUSD
RLUSD, a relatively new stablecoin operating on the XRP Ledger and Ethereum 
$2,765, has recently entered the market. Its market capitalization stands at approximately $53 million, complemented by a 24-hour trading volume of $138.9 million.
Long anticipates that the overall growth of the cryptocurrency market will accelerate the adoption of RLUSD and other stablecoins. Emphasizing a robust growth trend in Ripple’s payment solutions, she noted that payment operations are expected to double in 2024.
Expectations for XRP ETFs
Long expressed a high likelihood of a spot exchange-traded fund (ETF) linked to XRP arriving soon. She indicated that XRP could be included in the upcoming spot ETF approvals in the U.S., following Bitcoin 
$109,530 and Ethereum. Changes led by the SEC could potentially expedite this process.
We think that this year is going to be a big year for crypto overall. Demand for stablecoins will grow alongside with that […] as the way to on-ramp and off-ramp, it’s also used as a key asset in trading.
XRP is likely to be next in line after Bitcoin and Ether.
Bloomberg Intelligence analyst Athanasios Psarofagis noted that crypto ETFs are currently very popular and many altcoin ETF applications are awaiting approval. Various altcoin ETFs, including Solana 
$165, HBAR, Litecoin, and XRP, are expected to launch soon.
Bitcoin ETFs have achieved significant success, holding 5.44% of the total Bitcoin supply within just one year. Monica Long believes that upcoming changes in the SEC could positively impact this process.
Ripple’s Future Plans
Ripple 
$2 is actively working on listing RLUSD on more exchanges. Long spoke about their plans to expand to additional platforms without providing a specific timeline.
The growth trend in Ripple’s payment solutions is seen as a crucial part of the company’s overall strategy, with payment operations expected to continue doubling in 2024.
In conclusion, Ripple’s RLUSD stablecoin and the potential for XRP to gain ETF approvals could strengthen the company’s position in the cryptocurrency market. The leadership changes at the SEC and growing interest in crypto ETFs are key factors supporting Ripple’s growth potential.
