Ripple News: RLUSD Launch, ETF Approval, and IPO Hype Build Momentum for a Bullish 2025

Ripple Labs is experiencing a transformative period with potential RLUSD stablecoin approval, ETF discussions, and a possible IPO, signaling a promising trajectory for XRP in 2025. XRP has dramatically recovered from its SEC lawsuit setback, surging past $2 with a $132 billion market cap and positioning itself as a leading cryptocurrency with global payment potential. [...]

Dec 2, 2024 - 17:42
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Ripple News: RLUSD Launch, ETF Approval, and IPO Hype Build Momentum for a Bullish 2025
  • Ripple Labs is experiencing a transformative period with potential RLUSD stablecoin approval, ETF discussions, and a possible IPO, signaling a promising trajectory for XRP in 2025.
  • XRP has dramatically recovered from its SEC lawsuit setback, surging past $2 with a $132 billion market cap and positioning itself as a leading cryptocurrency with global payment potential.

Ripple Labs has found itself at the heart of an unprecedented resurgence, driven by new developments across stablecoins, exchange-traded funds (ETFs), and even a potential initial public offering (IPO). This momentum builds hope for XRP holders as the cryptocurrency industry eyes a bullish 2025, according to a recent post by crypto analyst Amelie.

Ripple USD (RLUSD), Ripple Labs’ new overcollateralized, dollar-pegged stablecoin, is poised for regulatory approval from the New York Department of Financial Services (NYDFS). Reports suggest the launch may occur as soon as December 4. If greenlit, RLUSD will mark a critical step in Ripple’s mission to enhance trust, stability, and utility in the digital financial space.  

The testing phase for RLUSD has already begun, with trials on both the XRP Ledger and Ethereum mainnet. Ripple aims to expand the stablecoin to additional blockchains. A company statement reaffirmed this commitment, noting: 

There is a clear demand for stablecoins that deliver trust, stability, and utility. Once RLUSD is available, Ripple will use both RLUSD and XRP in its cross-border payments solution to serve its global customers and dramatically improve their experience.

XRP’s Comeback Fuels ETF Buzz

Apart from the RLUSD launch, Ripple’s rally has reignited talks about a spot ETF for XRP, which could bring the cryptocurrency mainstream recognition. Industry insiders, including pro-XRP attorney Jeremy Hogan, have voiced optimism about ETF approval as soon as mid-2025. Bitwise, Canary, and 21Shares are among those who have already filed applications, eager to ride the wave of renewed market enthusiasm.  

Historically, XRP commanded dominance as the second-largest cryptocurrency before Ethereum overtook it in late 2018. The SEC’s lawsuit beginning in 2020 severely dented its value, causing it to plummet to $0.17. However, XRP has made an inspiring recovery, climbing back to its current position as the third-largest cryptocurrency.  

Ripple’s utility-focused approach has been central to this revival. As a pioneer in cross-border payments, XRP’s ledger remains unmatched in settlement speed. John Deaton, a noted attorney and crypto advocate, underlined its foundational strength, stating that XRP has long been the preferred choice for businesses that streamline international transactions.  

Ripple’s IPO Ambitions and XRP Growth

Ripple’s ambitions extend beyond stablecoins and ETFs. SBI Holdings CEO Yoshitaka Kitao recently reiterated his call for Ripple to consider an IPO once its legal skirmishes conclude. As a longstanding ally and key figure on Ripple’s Board of Directors since 2019, Kitao has consistently championed Ripple’s potential as a global digital currency leader.  

Kitao’s vision reflects his confidence in XRP’s low transaction costs and scalability, which he believes position it as a global standard in digital finance. In his own words, Ripple’s technology is key to unlocking new possibilities across Japan and the broader Asia-Pacific region. From RLUSD to ETF approvals and the tantalizing prospect of an IPO, these developments underscore its enduring relevance in a rapidly evolving financial landscape. 

XRP’s market resurgence has further bolstered confidence in Ripple’s ecosystem. XRP token has surged past $2, achieving a $132 billion market capitalization. This leap positions XRP as the third-largest cryptocurrency, overtaking USDT ($134.17 billion) and Solana ($108.01 billion). Currently trading at $2.32, the token’s 20% gain set the stage for a 2025 bullish run.

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