Ripple President Discusses RLUSD Impact on XRP

Ripple President Discusses RLUSD Impact on XRP

Elena Kuznetsova
2 min read

Ripple’s RLUSD to Complement XRP, Confirms President Monica Long

Ripple President Monica Long recently discussed the upcoming launch of Ripple's stablecoin, RLUSD, and its impact on XRP. Speaking on the Scoop podcast, Long explained that RLUSD is designed to enhance the efficiency of cross-border transactions involving XRP, rather than replace it. This new stablecoin is set to complement XRP's role in Ripple's payment solutions, aiming to attract more users to the XRP Ledger.

Key Takeaways

  • Ripple President Monica Long confirms RLUSD stablecoin will complement XRP, not replace it.
  • RLUSD aims to enhance XRP's efficiency in cross-border transactions.
  • Ripple's strategy involves using RLUSD to boost XRP usage, potentially attracting more users.
  • Ripple introduced RLUSD in April, entering the $150 billion stablecoin market.
  • The stablecoin is part of Ripple's On-Demand Liquidity offering, using XRP as a bridge currency.


Ripple's introduction of RLUSD stablecoin aims to augment XRP's utility in cross-border transactions, rather than supplant it. This strategic move could enhance Ripple's On-Demand Liquidity service, potentially increasing XRP's market relevance and user base. Short-term, RLUSD's integration might stabilize XRP's volatility and improve transaction efficiency. Long-term, this could solidify Ripple's position in the $150 billion stablecoin market, influencing financial institutions' adoption of Ripple's payment solutions. However, increased regulatory scrutiny and market competition could pose challenges.

Did You Know?

  • Ripple's On-Demand Liquidity (ODL) service: This is a service provided by Ripple that leverages XRP as a bridge currency to facilitate instant cross-border payments without the need for pre-funded accounts in destination currencies. ODL aims to reduce costs and increase the speed of international transactions by converting funds into XRP, transferring them across borders, and then converting them back into the desired currency at the destination.
  • Stablecoin (RLUSD): A stablecoin is a type of cryptocurrency designed to minimize price volatility by being pegged to a stable asset, such as a fiat currency (like the USD) or a commodity. In this context, RLUSD is Ripple's proprietary stablecoin, intended to enhance the stability and efficiency of transactions within Ripple's ecosystem, particularly in cross-border payments involving XRP.
  • XRP Ledger: This is an open-source, decentralized blockchain technology developed by Ripple Labs. It is specifically designed to facilitate fast, secure, and low-cost international financial transactions. The XRP Ledger uses the native cryptocurrency XRP and is known for its high transaction throughput and minimal transaction fees, making it suitable for use in Ripple's payment solutions.

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