BCGAME - Free 5BTC Daily Bonus!An exchange-traded fund (ETF) of XRP on the market soon? Ripple CEO Monica Long brought optimism to XRP investors by stating, in interview told Bloomberg that an XRP ETF could soon become a reality. The statement comes at a time when cryptocurrency regulations in the United States appear to be becoming more favorable for companies in the sector.
Long expressed confidence in the approval of spot cryptocurrency ETFs in the US later this year, suggesting that XRP will likely be next in line, following in the footsteps of market leaders Bitcoin and Ethereum.
“I think we’ll see one very soon,” Long said. “I think we’ll see more spot crypto ETFs this year coming out of the U.S., and I think XRP will probably be next in line after bitcoin and ether.”
Ripple’s CEO also mentioned the expectation of an acceleration in the approval of these registrations, especially with the change in management. “We believe that, especially with the change in management, the approval of these registrations will be accelerated,” she added. This prospect encourages the market, which eagerly awaits the expansion of investment options in crypto assets.
In addition to the hype surrounding the XRP ETF, Monica Long also touched on the expansion of Ripple’s RLUSD stablecoin. She said the stablecoin will be available on more cryptocurrency exchanges “soon.” The executive projected that Ripple’s native stablecoin is set to become a crucial part of the company’s payments and money business. Publicly launched on Ethereum and the XRP Ledger in December, the RLUSD stablecoin reached a market cap of $72 million today, according to market data.
It is worth noting that the combination of the possible approval of an XRP ETF with the expansion of the RLUSD stablecoin could represent an important boost for the Ripple ecosystem.
Ripple’s RLUSD Integrates Chainlink to Boost Utility in DeFi
The DeFi (Decentralized Finance) market is always on the move, seeking new solutions to improve usability and integration of different assets. The latest innovation is Ripple’s adoption of the Chainlink standard for its stablecoin, Ripple USD (RLUSD). This integration promises to significantly increase the utility and accessibility of RLUSD within the DeFi ecosystem.
Ripple announced on January 7 that it has started using the Chainlink standard to provide on-chain RLUSD price data. In other words, Chainlink will act as a reliable source of information about the stablecoin’s price within the blockchain.
