Ripple President Monica Long Endorses XRP ETF as Inevitable

Ripple
President

Monica
Long

recently
strongly
supported
an
XRP
exchange-traded
fund
(ETF).
During
an
interview
with
CNBC,
Long
stated
that
an

XRP
ETF

would
make
“a
lot
of
sense,”
given
the
current
regulatory
clarity
surrounding
XRP
and
Bitcoin
in
the
U.S.
She
highlighted
XRP’s
position
as
a
top
10
asset
by
market
cap
and
noted
its
significant
daily
traded
volume.
Long’s
comments
align
with
Ripple
CEO
Brad
Garlinghouse’s
recent
prediction
that
a
spot
XRP
ETF
launch
is
“inevitable.”

Ripple
President
Endorses
XRP
ETF
Potential

Monica
Long
emphasized
the
regulatory
clarity
of
XRP
in
the
U.S.,
which
places
it
alongside

Bitcoin.
She
pointed
out
that
XRP
has
consistently
been
a
top
10
asset
by
market
cap
and
is
among
the
top
5
in
daily
trading
volume.
Long
believes
these
factors
make
an
XRP
ETF
a
logical
step
for
the
market.
She
also
mentioned
that
institutional
interest
in
crypto
is
growing
and
is
driven
by

Bitcoin
ETFs
and
tokenized
assets.
According
to
Long,
sophisticated
investors
are
entering
the
market,
which
could
pave
the
way
for
more
crypto-based
financial
products.

Long’s
comments
follow

Ripple
CEO
Brad
Garlinghouse‘s
recent
prediction
that
a
spot
XRP
ETF
launch
is
“inevitable.”
In
a
CNBC
interview,
Garlinghouse
explained
that
approving
multiple
altcoin
ETFs
is
sensible
because
investors
prefer
diversified
exposure
over
investing
in
a
single
coin.
Additionally,
he
expressed
confidence
in
the
success
of
the
forthcoming
Ethereum
ETFs.

Ripple
is
also
making
strides
in
the
stablecoin
sector.
Monica
Long
revealed
that
Ripple
is
working
on
a
yet-to-be-named
stablecoin
project,
expected
to
launch
by
the
end
of
2024.
She
stated,
“We
are
working
on
everything
you
need
to
do
to
bring
a
product
like
this
to
market.”
Long
assured
that
the

XRP
token

would
still
be
needed
even
after
the
stablecoin’s
launch,
as
XRP
will
continue
to
serve
as
a
bridge
asset.

Long
pointed
to
projections
indicating
that
the
stablecoin
market
could
exceed
$3
trillion
in
cumulative
market
cap
within
the
next
five
years.
She
noted
the
increasing
demand
for
stablecoins
due
to
their
easy
access
to
US
dollars
and
their
convenience
in
payment.
Long
expects
the
stablecoin
project
to
attract
significant
institutional
interest,
further
solidifying
Ripple’s
position
in
the
crypto
market.

Secure
GBP
and
EUR
Payouts
via
Ripple 

In
addition
to
its
ETF
and

stablecoin

initiatives,
Ripple
recently
announced
a
collaboration
with
Clear
Junction.
This
partnership
aims
to
expand
Ripple’s
presence
in
the
European
market
by
enabling
instant
and
secure
GBP
and
EUR-denominated
payouts.
According
to
the
announcement,
Clear
Junction
will
facilitate
these
payouts
for
Ripple’s
customers,
enhancing
cross-border
payment
services.

Clear
Junction
is
an
FCA-authorized
e-money
institution
that
offers
multi-currency
payment
accounts,
virtual
IBANs,
and
treasury
services
for
regulated
financial
institutions.
Ripple’s
partnership
with

Clear
Junction

marks
a
significant
step
in
boosting
its
cross-border
payment
capabilities.
The
firm’s
operational
strengths
provide
security
and
protection
for
its
partners’
funds,
further
strengthening
Ripple’s
service
offerings
in
the
European
market.

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