Ripple President Monica Long States Major Benefits of RLUSD
Main Idea
Ripple President Monica Long highlights the benefits of Ripple USD (RLUSD) as a stablecoin designed to reduce volatility and enhance global transactions, while addressing liquidity challenges and leveraging Ripple's blockchain infrastructure.
Key Points
1. RLUSD reduces volatility for crypto transactions and operates on a 24/7 global blockchain rail.
2. Ripple entered the stablecoin market due to its growth potential and to enhance its payments business.
3. Liquidity remains a major barrier for stablecoin adoption, with stablecoin volumes significantly lower than traditional FX markets.
4. RLUSD is fully backed by U.S. dollar deposits, short-term U.S. government bonds, and cash equivalents, with BNY Mellon as its primary reserve custodian.
5. Ripple plans to acquire Rail, a Toronto-based stablecoin company, to expand its capabilities and network integration.
Description
Ripple President Monica Long has outlined a bold vision for the company’s U.S. dollar-pegged stablecoin, Ripple USD (RLUSD), positioning it as a cornerstone for the future of global finance. Speaking at the Dubai FinTech Summit 2025, Long said RLUSD “reduces the volatility aspect of using native cryptocurrencies for transacting” while retaining the core benefits of blockchain—a 24/7 global payment rail with near-zero transaction costs. Her remarks, amplified by Crypto Eri ~ Carpe Diem on X, offe...
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