Ripple President Shares Key Stablecoin Insight: Details

By: bitcoin ethereum news|2025/05/10 16:15:08
0
Share
copy
Ripple President Monica Long recently discussed the growing importance of stablecoins in today’s changing digital finance landscape. In a tweet following her appearance at Stripe Sessions discussing why businesses can no longer afford to ignore stablecoins, the Ripple president shared a few key insights. Long outlined three major takeaways Ripple has learned while navigating the complex world of blockchain payments. First, Long noted that blockchain payments need connectivity to local rails, and this connectivity depends on bank partners having regulatory comfort and clarity. “We’re in a starkly better place now than 2 years ago,” she added, implying that the global regulatory environment is gradually becoming more supportive of digital asset integration. You Might Also Like Despite the appeal of operating as a software-only provider, Long pointed out the significant challenges in doing so. Ripple, which now holds over 60 licenses worldwide, has opted for a compliance-first approach to ensure operations across various jurisdictions. As the market grows, stablecoins will require liquidity across global currencies to compete with traditional FX markets, Long added, referring to this as “the next industry challenge.” RLUSD gains traction as stablecoin market expands Long’s comments come as the stablecoin market expands, with the total stablecoin market capitalization recently surpassing $240 billion. You Might Also Like Ripple’s RLUSD stablecoin has gained traction since its launch in December 2024. Ripple has integrated RLUSD into Ripple Payments and announced the acquisition of Hidden Road, which will use RLUSD as collateral for its clients, creating a critical bridge between crypto and traditional finance. RLUSD is now available on new exchanges, including Kraken and, most recently, Gemini, in addition to being used in DeFi liquidity pools like Aave and Curve Finance. RLUSD has crossed $300 million in market valuation, currently at $316 million, according to CoinMarketCap data. In the last 24 hours, Ripple USD volumes have skyrocketed 109% to exceed $186 million. Source: https://u.today/ripple-president-shares-key-stablecoin-insight-details

You may also like

Where will South Korea's cryptocurrency taxation head?

There is little time left before South Korea implements cryptocurrency taxation, but the current tax laws only cover simple spot and currency-to-currency transactions. Driven by the international tax information exchange standard (CARF), South Korea is comprehensively building an intelligence analys...

Legendary investor Naval: Apple is dead, SaaS will follow suit, and entrepreneurs have 18 months to reshape their moats

"You can continue to hold Apple stock. Just don't expect that what you hold is stock in a growth company."

Morning Report | Visa includes Polygon in its global stablecoin settlement program; MoonPay invests $100 million to acquire security company Sodot; Digital wallet platform Belo completes $14 million Series A financing

Overview of Important Market Events on April 29

Full text of the Federal Reserve's decision: Holding steady for the third consecutive time but increasing divisions

The Federal Reserve has kept interest rates unchanged for the third consecutive time, but there were internal voting disagreements, with one official advocating for a rate cut while three others opposed signaling easing. The situation in the Middle East and fluctuations in energy prices further ampl...

Dan Bin takes action, building a position in Circle

If Web3 only stays at the level of price and narrative, traditional capital will find it difficult to truly enter; but once a group of companies that can be clearly explained and included in balance sheets begins to emerge, the way the industry participates will change.

The Impossible Triangle of DeFi Lending

Borrowers want fixed interest rates, while lenders seek immediate liquidity; this is the dilemma of on-chain lending, where both cannot be achieved simultaneously.

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com