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Ripple's RLUSD stablecoin is set to be listed on more major exchanges imminently, according to President Monica Long. Launched on December 17, RLUSD is currently available on several platforms, with a market cap of $71.8 million and over 76% of trading volume on Bullish. Ripple has also partnered with Chainlink to enhance RLUSD's utility by integrating price feeds on Ethereum and the XRP Ledger. Long anticipates strong growth for stablecoins this year, driven by increased demand in Ripple's payments business, which has doubled over the past year. Additionally, she hinted that XRP could soon see its own exchange-traded fund (ETF) following recent filings by various companies.
January is set to see the unlocking of approximately $7.2 billion in cryptocurrency tokens, which could significantly impact the market. Key projects like Aptos, Circular Protocol, and Arbitrum are among those releasing substantial amounts, with analysts warning of potential volatility and price declines. The unlocking process, typically involving tokens held by project teams and early investors, may increase circulating supply and create market turbulence.
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Ripple's RLUSD stablecoin set for imminent exchange listings and growth
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