• Ripple is set to launch a US Dollar-backed stablecoin (RLUSD) and explore an XRP ETF.
• Ripple’s priorities include launching a stablecoin and expanding partnerships.
• Legal clarity boosts US operations, but concerns remain over SEC’s strict stance on crypto.

Ripple, the blockchain payments company behind XRP, is expanding its services with a planned U.S. dollar-backed stablecoin and potential exploration of an XRP-based Exchange-Traded Fund (ETF), according to company president Monica Long.

In a recent interview, Long highlighted the company’s refined approach to becoming an enterprise blockchain infrastructure provider. Last July, Ripple gained legal clarity from U.S. courts, confirming XRP’s status as a commodity, thus paving the way for its operational advancement within the United States.

Long explained that Ripple’s decision to launch a stablecoin stems from its goal to provide a cost-effective and seamless transaction experience for its existing payment clients and banks. She stated:

“The US dollar stablecoin is aimed at optimizing efficiency in major payment corridors where liquidity is abundant, such as USD to EUR transactions. In contrast, X…

The post Ripple Expands Beyond XRP with Planned Stablecoin and Potential ETF appeared first on Coin Edition.

• Ripple is set to launch a US Dollar-backed stablecoin (RLUSD) and explore an XRP ETF.
• Ripple’s priorities include launching a stablecoin and expanding partnerships.
• Legal clarity boosts US operations, but concerns remain over SEC’s strict stance on crypto.

Ripple, the blockchain payments company behind XRP, is expanding its services with a planned U.S. dollar-backed stablecoin and potential exploration of an XRP-based Exchange-Traded Fund (ETF), according to company president Monica Long.

In a recent interview, Long highlighted the company’s refined approach to becoming an enterprise blockchain infrastructure provider. Last July, Ripple gained legal clarity from U.S. courts, confirming XRP’s status as a commodity, thus paving the way for its operational advancement within the United States.

Long explained that Ripple’s decision to launch a stablecoin stems from its goal to provide a cost-effective and seamless transaction experience for its existing payment clients and banks. She stated:

“The US dollar stablecoin is aimed at optimizing efficiency in major payment corridors where liquidity is abundant, such as USD to EUR transactions. In contrast, X…

The post Ripple Expands Beyond XRP with Planned Stablecoin and Potential ETF appeared first on Coin Edition.