Ripple President Monica Long stated in a Bloomberg interview on Tuesday that an XRP exchange-traded fund (ETF) may soon materialize as advantageous U.S. crypto legislation could strongly benefit domestic companies.

Long said, “I think that we will see more spot ETFs this year coming out of the U.S., and I think XRP is likely to be next in line after bitcoin and ether. We think, especially with the administration change, the approvals of those filings will accelerate.”

Furthermore, Long shared that Ripple’s new RLUSD stablecoin will be accessible on more exchanges and the company anticipates it will play a significant role in its money and payments operations.

RLUSD is regulated by the New York Department of Financial Services with its rigorous framework ensuring that the stablecoin complies with strict financial regulations. To increase utility across blockchains, RLUSD recently incorporated the Chainlink standard to propel integration in decentralized finance (defi) protocols.

Asset management firms including Bitwise, Canary Capital, WisdomTree, and 21Shares have separately filed for XRP ETFs offering. However, a decision has yet to be reached.

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