Stablecoin

Long

United

<ul class="news-points"> 
 <li>Ripple is set to launch a US Dollar-backed stablecoin (RLUSD) and explore an XRP ETF.</li> 
 <li>Ripple’s priorities include launching a stablecoin and expanding partnerships.</li> 
 <li>Legal clarity boosts US operations, but concerns remain over SEC’s strict stance on crypto.</li> 
</ul> 
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 <a href="https://www.youtube.com/watch?v=JC1sQg7Ea7o&amp;t=759s" target="_blank" rel="nofollow">interview</a>, 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: 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 “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…
</blockquote>
The post <a href="https://coinedition.com/ripple-expands-beyond-xrp-with-planned-stablecoin-and-potential-etf/">Ripple Expands Beyond XRP with Planned Stablecoin and Potential ETF</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Ripple Expands Beyond XRP with Planned Stablecoin and Potential ETF

Coin Edition

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