Ripple President Monica Long Highlights SEC Case, RLUSD Launch, and Strategic Plan for XRP Ledger

• Ripple’s victory over the SEC lawsuit ended with $125 million in penalties.
• Ripple’s Chairman Explains Strategic Development Plans for XRP Ledger.
• She explains the plan for the Ripple RLUSD stablecoin.

Ripple price traded just above $0.580 on Thursday, consolidating between the key levels of $0.560 and $0.613 from two weeks ago. In a recent interview, Ripple President Monica Long outlined the company’s plans. These include the long-awaited launch of Ripple’s RLUSD stablecoin, victory over the US Securities and Exchange Commission (SEC) lawsuit, and significant XRP Ledger (XRPL) developments.

Ripple won the SEC lawsuit

Ripple’s lawsuit with the SEC, which began in late 2020, ended in August. Judge Analisa Torres ordered the company to pay $125 million in penalties, a small sum compared to the $2 billion sought by the SEC. The court ruled that XRP is not a security.

In an interview with Coin Desk Japan,

Ripple President Monica Long said, “This win is significant for the entire cryptocurrency industry, clarifying the rules of law in the United States and setting a precedent.”

Long continued, “Even before the SEC lawsuit, most of our growth was done outside the US. In fact, 40% of our business was in Asia, with the majority of our payment service customers coming from the Asia-Pacific region. While we have continued to grow at a faster pace outside the US since the ruling, the ruling has made our products and services more readily available in the US market.”

Development plans for the XRPL registry

The XRP Ledger is an enterprise-grade blockchain that has been operating since 2012. To date, it has processed more than 90 million transactions and has maintained a consistently high level of security and stability. It is particularly useful for financial use cases, as the protocol has built-in features designed to be highly secure, such as Automated Market Makers (AMM), Decentralized Exchanges (DEX), and compliance-aiding features such as Know Your Customer (Know Your Customer) ( KYC).

“In Japan, Ripple has a long-term partnership with SBI Group, which has implemented a number of enterprise use cases using XRPL, including the adoption of the EXPO2025 NFT digital wallet (nicknamed Myakoon!) at Expo Osaka-Kansai in 2025, which will be issued on XRPL,” Long said in the interview.

Another example is consulting firm HashKey DX, which is partnering with SBI Ripple Asia to use XRPL for corporate solutions. In August, tokenization platform “OpenEden” announced that it will tokenize $10 million in US Treasuries with XRPL.

Furthermore, the Japanese market is important for the development of corporate use cases. SBI Remit, part of the SBI Group, has been offering international remittance services since 2017, using XRP as a bridge currency to enable fast and cost-effective transactions.

Ripple stablecoin RLUSD is scheduled to launch this year

Days after its victory over the SEC, Ripple announced that it is testing a stablecoin, RippleUSD (RLUSD), on the XRP Ledger and Ethereum mainnet.

“RLUSD has not yet received regulatory approval and is therefore not available for purchase or trading,” Ripple said in X post.

Chairman Long explained in the interview, “One of the main use cases for RLUSD is settlement, and we plan to use the stablecoin in our own settlement solution.”

Stablecoins such as Tether (USDT) and USD Coin (USDC) are increasingly used for settlement, increasing transaction efficiency.

Long also explained how the RLUSD stablecoin will not affect XRP’s market share in payment solutions.

“We believe that stablecoins and XRP have different use cases for payments and other transactions. For example, DEXs on XRPL will be able to use RippleUSD very efficiently, while XRP will continue to be used for trading smaller market cap long-tail crypto assets,” said Long.

Furthermore, RLUSD will be backed by US dollars, short-term US Treasury bills and other cash equivalents held in a reserve account. To preserve liquidity, the status of these assets will be openly disclosed and certifications will be issued regularly. This highlights how important it is to ensure that the US dollar always supports Ripple USD.