Ripple President Monica Long also anticipates that Ripple USD (RLUSD) stablecoin will be listed “imminently” on major cryptocurrency exchanges.

In a January 7 interview with Bloomberg, Long confirmed that Ripple is actively working on additional exchange listings for RLUSD.

“We are continuing to expand the distribution and availability of Ripple dollars on other exchanges. So, I think you can expect to see more access and new announcements coming soon… very soon,” she said. However, she declined to provide specifics regarding RLUSD listings on major platforms like Coinbase.

According to Ripple’s website, RLUSD is currently available on Bitso, MoonPay, CoinMina, Bullish, Mercado Bitcoin, B2C2, Keyrock, Archax, Independent Reserve, and JST Digital.

Ripple launched RLUSD on December 17 as a stablecoin pegged 1:1 to the US dollar. At the time of publication, the stablecoin’s market cap was $71.8 million, according to CoinGecko data.

Ripple Market Cap

More than 76% of RLUSD trading volume is concentrated on the Bullish crypto exchange, split between two main trading pairs, RLUSD/USD Coin and XRP/RLUSD.

Meanwhile, the decentralized exchange Sologenic handles a smaller portion of the market. The XRP/RLUSD pair on Sologenic recorded $3.4 million in 24-hour trading volume, representing 3.56% of the total volume.

Ripple President: “Our business has doubled.”

The demand for RLUSD primarily comes from Ripple’s payment services, and President Monica Long stated that this segment of the business has doubled in the past year.

“Our business in the payments sector doubled last year, and therefore we see a very strong growth potential for our payment solution. Along with that, Ripple US Dollar will play an important role,” she said.

Long anticipates strong growth for stablecoins.

“We think this year will be a big year for crypto overall, and so demand for stablecoins will increase along with that. Stablecoins are really the main way to on-ramp and off-ramp,” she added.

According to DefiLlama data, the stablecoin market has grown by 55% since last year, reaching $206.2 billion. USDt remains the largest stablecoin, holding 66% of the market share.

“XRP ETF Coming Soon!”

Long indicated that XRP could be next in line for its own exchange-traded fund (ETF):

“I think we will see one very soon […] XRP is likely to be the next asset after Bitcoin and ETH.”

Several companies, including WisdomTree, have already taken steps to launch an XRP ETF. WisdomTree filed for approval with the US Securities and Exchange Commission (SEC) on December 2, 2024. Bitwise, Canary Capital, and 21Shares have also filed for similar products.

Long expressed that with the change in the US administration, the approval process for ETF filings will “accelerate.”

Ripple Chainlink Partnership

To enhance the utility of RLUSD, Ripple partnered with Chainlink on January 7 to integrate price feeds for RLUSD on Ethereum and the XRP Ledger.

This collaboration aims to provide tamper-proof, accurate price data, support DeFi applications, and reduce risks such as price manipulation or downtime.

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The German government, which has sold nearly 30,000 Bitcoin so far, has withdrawn approximately 5800 BTC from its own wallet and transferred it to exchanges and market makers.

On-chain data shows that 5853 Bitcoin worth $340 million were sent to an address linked to Kraken, Coinbase, Flow Traders, Cumberland, and B2C2.

The German state currently holds 18,000 Bitcoin worth $1.1 billion. It is also noteworthy that the Bitcoin price did not fall after the Germans’ transfers.

Bitcoin is trading around $58,500 at the time of writing. The total amount of BTC seized from the pirate movie site Movie2k in 2020 was 50,000, and the Germans have melted more than half of this Bitcoin so far, mostly this week.

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube and Twitter for the latest news and updates.

The post Germany Continues to Sell Bitcoin: New Transfer of 5800 BTC appeared first on Coin Engineer.

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The top two most invested ETFs are:

• iShares Core S&P 500 ETF (IVV): This fund received $13 billion in inflows and manages $428 billion in assets.
• Vanguard 500 Index Fund ETF (VOO): Received $11.1 billion in inflows and manages $398 billion in total assets.

It can also be said that the Bitcoin chart has been squeezed into a narrow range in the last day and that Ethereum has started to rise.

In addition, Hedera Hashgraph (HBAR) announced that it has signed a 5-year agreement by announcing a partnership in Saudi Arabia. According to this agreement, a studio worth approximately $250 million will be established in the country in the fields of Web3, AI and Blockchain technologies.

B2C2, a Liquidity Provider, has received regulatory approval from Luxembourg as a VASP (Virtual Asset Service Provider) aiming to further develop in Europe. With this approval, B2C2 will provide cryptocurrency services to its corporate clients via the OTC method.

Finally, we can give the news that Monero (XMR) was shaken by the Binance delist news. XMR, the pioneer of privacy tokens, fell below its lowest level of the last 2 years after this bad news.

The post BlackRock Bitcoin ETF Attracts Serious Investors appeared first on Coin Engineer.