Ripple is intensifying efforts to expand its U.S. dollar-pegged stablecoin, RLUSD, aiming to secure listings on prominent exchanges such as Coinbase. Jack McDonald, Ripple’s senior vice president of stablecoins, recently discussed the company’s roadmap during an interview with The Block. Highlighting Bitstamp’s recent decision to list RLUSD, McDonald expressed confidence in the stablecoin’s future, pointing to its approval by the New York State Department of Financial Services (NYDFS).

The stablecoin, launched in December on Ethereum and the XRP Ledger, is the first XRP Ledger-based token to make NYDFS’s approved asset list. McDonald emphasized:

That paves the way for other, particularly NYDFS-regulated entities, to support it.

McDonald acknowledged challenges in onboarding RLUSD to other exchanges, noting the exclusivity agreements some platforms maintain with specific stablecoins. “Certain exchanges have very strategic relationships with one stablecoin where, you know, they want a partner and they’ve got an economic relationship,” he explained. “There’s a very well understood relationship between Coinbase and Circle USDC, or you could look at Binance with FDUSD to where they’re kind of more strategic exclusive. And so we’re having all sorts of conversations.”

Beyond exclusivity, Ripple must address technical considerations unique to cryptocurrency. “It’s different than the New York Stock Exchange where basically the plumbing is all the same,” McDonald said, explaining that exchanges must integrate blockchain-specific infrastructure to support a token.

Ripple is focusing on market demand and regulatory compliance to drive the growth of RLUSD. The company also intends to expand RLUSD to other networks, aiming to establish the stablecoin as a key player in the digital asset market. RLUSD is currently listed on a number of exchanges, including Uphold, Bitstamp, Bullish, Independent Reserve, Moonpay, Bitso, and Coinmena.

McDonald revealed that exchanges “also want to make sure that the volume is worth their while because there is a tech lift and then an ongoing support of doing it right … And they want to make sure that there is demand for it.” He predicted that stablecoin issuers with strong institutional support will dominate the market, adding:

Only stablecoin issuers with institutional backing and robust compliance frameworks will endure the ‘war of attrition.’

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。