The year 2024 has already proven to be extremely positive for the cryptom market. If it goes to Ripple President Monica Long, things will go on in 2025 just as positive.
• Crypto year 2024 was very positive
• Ripple President optimistic for cryptom market in 2025
• Focus on spot ETFs and stable coins
For crypto investors, 2024 had many positive developments ready. New milestones were achieved in the primary cryptocurrency Bitcoin, such as the fourth Bitcoin-Halving in the history of the coin and the first skipping of the $ 100,000 brand.
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The cryptoversum also learned the Cryptoversum through the election campaign around the US presidential elections. Here the later election winner Donald Trump successfully positioned himself as crypto-friendly and created a good atmosphere among crypto enthusiasts.
2024-year of crypto-spot ETFs
But not only the US elections shaped the year 2024. It was also the year in which the US stock exchange supervision SEC approved Bitcoin-Spot ETFs for the first time and thus promoted cryptocurrencies in the direction of legitimization and wider adoption. With the help of Bitcoin ETFs, a larger amount of investors and institutional investors are enabled to invest in the cyberdevise without having to keep coins. In the meantime, spot ETFs have also been approved on the basis of the second largest cyberdevise Ethereum.
Ripple President Optimistic for crypto sector in 2025
This is one of the reasons why Ripple President Monica Long is optimistic for the crypto sector in 2025, as explained in an interview with Bloomberg Crypto. According to her assessment, there should be “very soon” more crypto ETFs in the USA. It is also very likely that it would be the next time a ripple ETF. There are already a number of different companies that would have applied for approval of such a ripple spot ETF. Long assumes that the change of power in the USA, in particular, should now accelerate the approval rate for such applications.
A further development on the cryptom market is also optimistic about 2025. The StableCoin market in 2024 has grown greatly and now comprises more than $ 150 billion in the US dollar. Within the next few years, the fact that the market can grow to a volume of more than three trillion US dollars will be predicted within the next few years. “This market explodes. […] We believe that the market will continue to grow and expand, “says the Ripple President.
Ripple’s own stablecoin ripple USD
In early 2025, Ripple himself launched his own stablecoin, which is $ 1: 1 on the US dollar and was primarily launched to enable payments, as Long told Bloomberg Crypto. Ripple is particularly concerned with enabling cross -border payment transactions, which is available very quickly and around the clock and at the same time is much cheaper than “more traditional ways”. All of this is given by the StableCoin Ripple USD. Of course, there will continue to be the native XRP tokens on the Ripple blockchain, which is also very useful for quick payment options.
However, the new stablecoin does not result in a competition between the two cryptocurrencies, as Long explained by Bloomberg Crypto on request. Rather, the two cyberdevisen would complement each other. XRP would rather be used for transaction fees on the blockchain or could also be used as a bridge token for trading with various cryptocurrencies, while stable coins are more useful for cross-border payments, especially relating to the US dollar. Here Long also sees increased demand from institutions. You already work with various regulated payment providers and banks that have a need for tokenized asset services.
With a view to the future of the StableCoin market, Long was sure that it was of the greatest importance that combinable, reliable stable coins would be accessible. The most important thing is on a stablecoin, as the name suggests that it is stable and the user must be able to trust that the editor covered the cryptocurrency one to one by the coupled fiat currency. Here the Ripple President also sees a growing need in retail and the trading area.
Editor finance.net