Ripple President Monica Long has emphasized the rising relevance of stablecoins in digital finance, particularly for businesses seeking faster and more reliable payment solutions. Her insights came after speaking at Stripe Sessions, where she explained that ignoring stablecoins is no longer a viable strategy for companies involved in global commerce.
According to Long, Ripple’s experience navigating blockchain-based payments has revealed three significant lessons. She made it clear that blockchain payment solutions need a direct connection with local financial systems, which involve banks having regulatory clarity. The advancement, she noted, has been moderate, and the regulatory environment is far better than it was two years ago.
Besides regulatory improvement, Long pointed out that offering blockchain services purely as software is attractive but not always practical. Ripple’s choice to gear toward compliance has meant that the company has earned over 60 licenses across the globe. This regulatory preparedness enables Ripple to provide a stable payment experience in a number of jurisdictions.
Significantly, Long stressed that for stablecoins to match the scale of traditional foreign exchange markets, they must maintain liquidity across various currencies. This, she said, represents the next major challenge for the industry. Without global liquidity, stablecoins could struggle to compete with existing financial systems.
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Ripple’s RLUSD Stablecoin Gains Momentum Amid Market Growth
The stablecoin sector has expanded steadily, recently crossing $240 billion in total market capitalization. Ripple’s stablecoin RLUSD has gained notable traction within this environment since launching in December 2024. Ripple has integrated RLUSD into its Ripple Payments platform, extending its reach across traditional and decentralized financial systems.
Ripple also revealed its acquisition of Hidden Road, which will adopt RLUSD as collateral for institutional clients. This development further reduces the gap between digital and traditional finance and solidifies RLUSD’s growth utility. Additionally, the stablecoin has become available on other exchanges such as Gemini and Kraken, making it more accessible to a larger market.
In decentralized finance, RLUSD is now active in major liquidity pools such as Aave and Curve Finance. According to CoinMarketCap, market confidence in the asset has seen RLUSD valued at $316 million. Trading volume increased in the last 24 hours by over 109% to $186 million.
Ripple’s smart bid in the stablecoin scene, guided by regulations and global alliances, shows its vision for scalable digital finance. As permanent and adopted, RLUSD continues to grow in utility, and as such, the role it plays in bridging blockchain with traditional finance is becoming increasingly apparent.
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