Tokenized
Ripple USD, Stablecoins & Custody Ft. Ripple President Monica Long
Mar 3, 2025
Monica Long, President of Ripple and a blockchain veteran, shares insights on the company’s role in transforming finance. She discusses the launch of Ripple USD, emphasizing its necessity for stablecoin adoption. The conversation dives into the challenges of U.S. crypto regulations and their effects on the market. Long also explores Ripple’s partnerships with major banks for custody services. Additionally, she touches on the future of the XRP Ledger and potential cryptocurrency ETF approvals, highlighting a forward-thinking approach to institutional finance.
41:16
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Ripple is addressing the growing demand for stablecoin transactions with the launch of Ripple USD, facilitating efficient cross-border payments and attracting diverse global clients.
- The acquisition of Metaco enhances Ripple's custody services, enabling bank-grade digital asset security, while its payment solutions cater primarily to licensed financial institutions.
Deep dives
The Rise of Stablecoin Payments
The discussion highlights the increasing significance of stablecoin-based payments, with a projected breakthrough anticipated in the coming year. This growth is underscored by the notable acquisition of Bridge by Stripe, signaling a recognition of the potential of stablecoins. Presently, Ripple has facilitated transactions amounting to $70 billion through around 40 million transactions, demonstrating a robust infrastructure for cross-border payments. The transition towards stablecoins addresses the challenges of converting cryptocurrencies into local currencies, emphasizing the need for efficient connections to existing payment systems.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
