- Ripple President Monica Long promoted RLUSD, a dollar-pegged stablecoin, at Dubai FinTech Summit 2025, emphasizing blockchain's 24/7 global payments and low costs.

- The stablecoin aims to expand Ripple's market share as demand grows from hundreds of billions to trillions, with planned $200M acquisition of Rail to boost payment infrastructure.

- RLUSD addresses liquidity challenges by partnering with BNY Mellon for transparency and targeting broader adoption across key currency pairs in global payments.

- Ripple combines blockchain innovation with commercial expertise to position RLUSD as a foundational tool for stable, scalable cross-border transactions.

Ripple President Monica Long highlighted the transformative potential of the company's U.S. dollar-pegged stablecoin, Ripple $XRP USD (RLUSD), at the Dubai FinTech Summit 2025. Describing RLUSD as a key component in the future of global finance, Long emphasized its role in reducing the volatility typically associated with native cryptocurrencies while maintaining the core advantages of blockchain technology—such as a 24/7 global payment rail and near-zero transaction costs.

Long outlined several key benefits of RLUSD, including its ability to provide stability in cross-border transactions, eliminate the unpredictability of crypto price fluctuations, and offer a reliable and accessible alternative to traditional payment systems. “You still get the benefits of a global rail, which is what blockchain is… It’s 24 by 7. It’s near free to move money across it,” she said. These attributes make RLUSD particularly appealing to businesses and institutions looking to streamline international transactions without exposing themselves to crypto price volatility.

Ripple’s decision to enter the stablecoin market, Long explained, was driven by both strategic and operational considerations. With the stablecoin market expected to expand from a few hundred billion dollars to potentially three or four trillion dollars, Long emphasized the growing use cases for stablecoins beyond speculative trading. Additionally, stablecoins have become integral to Ripple’s core payments business, with Long noting that increased control over its product suite enhances the company’s competitive edge.

One of the major challenges in the stablecoin space, according to Long, is liquidity. While foreign exchange markets reached $200 trillion in transaction volume in 2024, stablecoin volumes were significantly lower, largely concentrated in speculative trading. “The next challenge that we have as an industry is to now create breadth and depth of liquidity for stablecoins across key currency pairs,” she said. Long highlighted the need for broader adoption and deeper liquidity in stablecoin markets to realize their full potential in global payments.

To support this vision, Ripple launched RLUSD in late 2024, with the stablecoin fully backed by U.S. dollar deposits, short-term U.S. government bonds, and cash equivalents. The token is available on both the XRP Ledger (XRPL) and Ethereum $ETH with further network integrations planned. To strengthen institutional confidence, Ripple appointed BNY Mellon as its primary reserve custodian, ensuring transparency, security, and compliance.

Looking ahead, Ripple is acquiring Rail, a Toronto-based stablecoin payments platform that processes approximately 10% of global stablecoin transactions. The $200 million acquisition, expected to close in Q4 2025, will integrate Rail’s virtual accounts and automated back-office capabilities into Ripple’s infrastructure, significantly expanding its payment network.

Long concluded that Ripple’s ability to combine blockchain innovation with commercial product development has been a key factor in its success. “Having the competencies in-house—between blockchain development as well as the commercial teams building the solutions on top of it—has been beneficial,” she stated. With strategic partnerships, deeper liquidity development, and targeted acquisitions, Ripple aims to position RLUSD not just as a stablecoin, but as a foundational element in the next era of global finance.

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