Ripple Executive Shares Vision for Stablecoin and Potential XRP ETF
Exploring Ripple's Ambitious Path with RLUSD and Potential XRP ETF In a remarkable conversation with Frank Chaparro during "The Scoop," Monica Long, the President of Ripple, shared insightful updates on the company's bold strategies These include the rollout of a new US dollar stablecoin known as RLUSD and the contemplation of introducing an XRP exchange-traded fund (ETF) The pivot to launch RLUSD and the consideration of an ETF for XRP come on the heels of a significant regulatory win in the US courts Last July, a turning point was reached when XRP was classified not as a security but as a commodity, unlocking new avenues for Ripple in the American market Ripple’s Strategic Vision For RLUSD Long pointed out that the move to launch a stablecoin was primarily to meet the evolving needs of Ripple's vast clientele in the payments and banking sector...
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