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BlockVibe
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Binance to add Ripple’s🔥 RLUSD stablecoin on Ethereum, XRP Ledger support is coming
The dollar backed stablecoin be available starting Thursday on Ethereum with support for the $XRP Ledger expected soon.
What to know:
Ripple’s dollar backed stablecoin, RLUSD, will begin spot trading on Binance on Thursday with Ethereum support. XRP Ledger integration is expected later.The Binance listing boosts RLUSD’s visibility and liquidity, positioning it as an enterprise-focused rival to dominant stablecoins like Tether’s USDT and Circle’s USDC.Fully backed 1:1 by dollar deposits, short-term Treasuries and cash equivalents, RLUSD has grown to more than $1.3 billion in market value amid rising regulatory scrutiny and competition in the stablecoin market.
Ripple’s RLUSD the 10th largest dollar backed stablecoin is set to begin spot trading on Binance its most prominent exchange listing yet and a key step in expanding the token’s reach beyond Ripple’s native ecosystem.
Binance said it will list RLUSD with support for Ethereum starting on Jan. 22 at 08:00 UTC while integration with the XRP Ledger is expected to follow. Trading pairs will include RLUSD/USDT and XRP/RLUSD giving traders direct access to the stablecoin alongside Ripple’s native token.
The listing adds immediate visibility and liquidity to RLUSD which Ripple has positioned as an enterprise focused alternative in a stablecoin market dominated by Tether's USDT and Circle Internet's USDC.
RLUSD is fully backed 1:1 by U.S. dollar deposits short term Treasuries and cash equivalents with monthly attestations intended to provide transparency around reserves.
Stablecoins act as an anchor of crypto markets and are used for trading payments and moving money across blockchains. A listing on Binance gives RLUSD access to one of the largest global user bases, while Ethereum support allows the token to plug into existing DeFi infrastructure.
$XRP Ledger support when it goes live would add a low cost settlement layer aimed at payments and remittances.
Meanwhile Binance said RLUSD will also be eligible for portfolio margin and is expected to be added to Binance Earn expanding how users can deploy the token beyond basic trading.
Ripple said RLUSD has grown to more than $1.3 billion in market value supported by early adoption across exchanges payments firms and institutional partners. Market leader USDT's market cap is $96 billion according to CoinGecko data.
The timing reflects growing competition in the stablecoin space as regulators sharpen oversight and institutions look for compliant alternatives.
While $RLUSD remains small compared to market leaders the Binance listing gives it scale liquidity and distribution that few new stablecoins manage to secure early on.
{spot}(XRPUSDT)
UPDATE (Jan. 21, 10:00 UTC). Adds RLUSD ranking in first paragraph trading start in second.
#RLUSDAdoptio #newlistings #XRPRealityCheck #XRPPredictions #GoldSilverAtRecordHighs
What to know:
Ripple’s dollar backed stablecoin, RLUSD, will begin spot trading on Binance on Thursday with Ethereum support. XRP Ledger integration is expected later.The Binance listing boosts RLUSD’s visibility and liquidity, positioning it as an enterprise-focused rival to dominant stablecoins like Tether’s USDT and Circle’s USDC.Fully backed 1:1 by dollar deposits, short-term Treasuries and cash equivalents, RLUSD has grown to more than $1.3 billion in market value amid rising regulatory scrutiny and competition in the stablecoin market.
Ripple’s RLUSD the 10th largest dollar backed stablecoin is set to begin spot trading on Binance its most prominent exchange listing yet and a key step in expanding the token’s reach beyond Ripple’s native ecosystem.
Binance said it will list RLUSD with support for Ethereum starting on Jan. 22 at 08:00 UTC while integration with the XRP Ledger is expected to follow. Trading pairs will include RLUSD/USDT and XRP/RLUSD giving traders direct access to the stablecoin alongside Ripple’s native token.
The listing adds immediate visibility and liquidity to RLUSD which Ripple has positioned as an enterprise focused alternative in a stablecoin market dominated by Tether's USDT and Circle Internet's USDC.
RLUSD is fully backed 1:1 by U.S. dollar deposits short term Treasuries and cash equivalents with monthly attestations intended to provide transparency around reserves.
Stablecoins act as an anchor of crypto markets and are used for trading payments and moving money across blockchains. A listing on Binance gives RLUSD access to one of the largest global user bases, while Ethereum support allows the token to plug into existing DeFi infrastructure.
$XRP Ledger support when it goes live would add a low cost settlement layer aimed at payments and remittances.
Meanwhile Binance said RLUSD will also be eligible for portfolio margin and is expected to be added to Binance Earn expanding how users can deploy the token beyond basic trading.
Ripple said RLUSD has grown to more than $1.3 billion in market value supported by early adoption across exchanges payments firms and institutional partners. Market leader USDT's market cap is $96 billion according to CoinGecko data.
The timing reflects growing competition in the stablecoin space as regulators sharpen oversight and institutions look for compliant alternatives.
While $RLUSD remains small compared to market leaders the Binance listing gives it scale liquidity and distribution that few new stablecoins manage to secure early on.
{spot}(XRPUSDT)
UPDATE (Jan. 21, 10:00 UTC). Adds RLUSD ranking in first paragraph trading start in second.
#RLUSDAdoptio #newlistings #XRPRealityCheck #XRPPredictions #GoldSilverAtRecordHighs