Ripple President: "Ripple-Based DEX to Become the Hub of FX Trading"

Monica Long, President of Ripple, stated on the 29th that the Ripple-based decentralized exchange (DEX) could become the hub of foreign exchange (FX) trading.

Long made this statement while attending the Ripple Community Day held on Twitter.

She emphasized, "Currently, various issuers are issuing stablecoins (virtual assets pegged to fiat currency) on the Ripple Ledger," adding, "This indicates that FX trading can actively occur centered around the Ripple DEX."

She also mentioned the possibility of launching new stablecoins pegged to various fiat currencies. Currently, Ripple only issues the dollar-based stablecoin RLUSD, but it could expand to include the Euro (EUR), Brazilian Real (BRL), and Japanese Yen (JPY). Long stated, "We need to focus on the growth of RLUSD at the moment," but also noted, "We are keeping an eye on the needs of foreign users and are collaborating with various stablecoin issuers to improve payment services in the future."

Meanwhile, regarding Ripple's outlook for this year, she expressed a "positive" view. Long said, "Considering the rapid growth of the stablecoin payment market, the increasingly favorable regulatory environment for virtual assets in the U.S., and the growth of the Ripple Ledger ecosystem with various projects emerging, Ripple could have its best year in 2025."