According to @HenriArslanian, Ripple President Monica Long discussed why Ripple is launching a USD stablecoin to make stablecoins work for real-world payments, with the full conversation available on his YouTube and podcast channels, highlighting a payments-first rollout relevant to traders (source: Henri Arslanian on X, Aug 12, 2025). Ripple previously announced it will issue a USD-backed stablecoin on the XRP Ledger (XRPL) and Ethereum, fully backed by cash and short-term U.S. Treasuries with regular third-party attestations, signaling an institution-grade design aimed at payment flows and DeFi liquidity (source: Ripple company blog announcement, April 2024). Ripple stated the stablecoin is intended to complement XRP by providing a stable settlement asset and to deepen liquidity on XRPL’s native DEX and bridges, which is directly relevant for XRP pairs and on-chain market depth once live (source: Ripple company blog announcement, April 2024). For positioning, traders can track launch milestones, reserve attestation reports, and ecosystem integrations across XRPL and Ethereum that Ripple said it is preparing, as these are likely catalysts for volumes and spreads in XRP and XRPL-based assets (source: Ripple company blog announcement, April 2024).