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Ripple's stablecoin, RLUSD, is gaining traction with initial support from exchanges like Uphold and Bitstamp, while major platforms like Coinbase and Binance are expected to adopt it imminently, according to Ripple's president, Monica Long. She anticipates significant growth in the crypto market and suggests that an XRP ETF could be approved in 2025, especially with a pro-crypto SEC leadership on the horizon. Long believes stablecoins will play a crucial role in this evolving landscape.
Dogecoin has seen a significant decline of 40% from its peak, raising questions about its future. Meanwhile, Ripple has made headlines by transferring nearly 10 million RLUSD stablecoins within an hour, following the official launch of its U.S. dollar-backed stablecoin. Ripple's CTO humorously engaged with the community regarding the pronunciation of the new Bifrost wallet, while company executives emphasized RLUSD's potential to enhance efficiency and transparency in global payments.
Monica Long
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