Ripple’s president Monica Long to lay out Ripple’s key priorities for 2025
Ripple Labs’ president, Monica Long, is expected to unveil the company’s strategic goals for 2025 in an upcoming interview on X space dubbed XRP Community Day. The event is scheduled for January 29.
In a January 23 X post, Ripple’s president detailed that the event will take place next Wednesday at 12:30 AM GMT. It will be hosted by RippleX Dev. According to Long, the discussion will circle around XRP’s institutional adoption in the APAC region, blockchain innovation, and ecosystem growth.
“Excited to discuss Ripple’s goals for 2025 […] including how we’re driving institutional adoption of tokenized financial assets on-chain,” she added.
RippleX encouraged community participation. It also invited users to submit questions for Long. “Drop a question for Monica in the comments, and we’ll pick a few to answer during the space!” the social media post read.
Community poses questions about RLUSD stablecoin
Several XRP investors on X have raised questions for the Ripple President. Most of them revolve around its new stablecoin RLUSD, which was launched on December 17, 2024.
RLUSD launched after receiving regulatory approval under the New York Department of Financial Services (NYDFS) charter. The company’s CEO, Brad Garlinghouse, described the charter as the “premier regulatory standard worldwide.”
One user asked whether the RLUSD stablecoin will be pegged under several fiat currencies: beyond the dollar and the sterling pound. This comes in correlation to the company’s goal of making XRP a cross-border payment network.
As described by Ripple Labs, the stablecoin is backed by US Treasuries, bank deposits, and cash equivalents. The community now hopes the digital currency will extend its reach into global financial markets.
Potential of the XRP Ledger and APAC region adoption
Another user asked if the company will prioritize innovations in its protocol, the XRP Ledger (XRPL). This would include how artists will be able to showcase their non-fungible tokens (NFTs) to other networks.
Though the blockchain network supports NFTs, users can only transfer their tokens on-chain. That’s because it does not yet have the capability to execute transfers to other chains.
How can NFT artists get their work out there using the XRPL??
— Father Woody 🐙 (@FatherWoody) January 23, 2025
In other news, Ripple President Long mentioned one of the main points of the upcoming talks is XRP’s Asian Pacific region (APAC) mass adoption. In June 2024, the firm announced a new initiative targeting innovation within the XRP Ledger (XRPL) in Japan and South Korea.
As reported by the company, the “XRPL Japan and Korea Fund” was a part of Ripple’s commitment to support XRPL developers with financial, technical, and business assistance.
“The launch of this fund is a testament to Ripple’s strong belief in the potential of Japan and Korea as pivotal regional hubs for blockchain innovation,” echoed Vice President of Starategic Initiatives Emi Yoshikawa.
Moreover, Ripple CEO Brad Garlinghouse outlined the advantages of Ripple’s cross-border payment solutions over the legacy SWIFT network. Speaking at an industry event in June, Garlinghouse criticized SWIFT for its inefficiencies.
The CEO reiterated that Ripple’s solutions, including XRP and RippleNet, are the best alternatives to SWIFT’s flawed network. This is because they eliminate pre-funding requirements for financial institutions.
“An XRP transaction is real-time, cross-border, and powerful for our customers because it eliminates dormant capital sitting in other banks,” he added.
Long: XRP ETFs coming soon
Meanwhile, in a recent interview with Bloomberg TV, Monica Long expressed her optimism about regulatory approval for XRP-focused ETFs. This is supported by the entry of a pro-crypto US administration led by President Donald Trump
Last year, multiple providers, including Bitwise Asset Management and WisdomTree, filed applications for XRP ETFs with the U.S. Securities and Exchange Commission (SEC).
Long believes the recent shift in US political leadership, with an upcoming SEC leadership change, could expedite these approvals.
The SEC approved the first spot Bitcoin ETFs in January 2024, followed by Ethereum ETFs in July. Long predicts XRP ETFs are “likely to be the next in line.” The optimism is tied to the community’s hopes that the ongoing Ripple vs. SEC case will be thrown out in the coming weeks.
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