Binance announced that it will officially launch Ripple's USD stablecoin RLUSD this week, initially supporting the ETH Ethereum network and later supporting XRP Ledger. It will also introduce portfolio margin and zero-fee discounts.
Ripple (RLUSD) stablecoin officially launched this week.
Binance announced that it will open spot trading of the RLUSD stablecoin on January 22 (UTC time), supporting on-chain circulation on the Ethereum blockchain; trading pairs include RLUSD/USDT and XRP /RLUSD. Users can trade RLUSD directly on Binance or exchange it through XRP Ripple .
This multi-chain launch ensures that users and institutions can more easily use Ripple, whether on the XRPL native chain or within the Ethereum ecosystem. For Ripple, this is a crucial step towards achieving large-scale real-world payments, on-chain liquidity, and cross-network interoperability. Ripple also paves the way for future integration with XRP Ledger, expanding its cross-chain application potential, increasing its market influence, and officially joining the race to become a mainstream stablecoin alongside USDT and USDC.
Key highlights of the Ripple (RLUSD) stablecoin listing include:
- Open spot trading for the Ripple (RLUSD) stablecoin to improve market liquidity and trading convenience.
- Including RLUSD in portfolio margin usage enhances its flexibility in leveraged and diversified trading strategies.
- Preparing to join Binance Earn, providing users with more channels to hold, use, and earn returns.
Ripple joins the stablecoin battle, challenging USDT and USDC.
Ripple positions RLUSD as an enterprise-grade stablecoin, emphasizing compliance, transparency, and institutional friendliness. With its listing on Binance, RLUSD's brand awareness and liquidity are expected to increase significantly, giving it a chance to gain a foothold in the stablecoin market, which has long been dominated by Tether's USDT and Circle's USDC. For businesses and payment institutions, free circulation on one of the world's largest exchanges will greatly enhance RLUSD's usability and credibility.
Ripple's RLUSD stablecoin market capitalization has grown by over $1.3 billion.
RLUSD is fully backed by the US dollar at a 1:1 ratio, with reserve assets including US dollar deposits, short-term US Treasury bonds, and cash equivalents, and transparency is ensured through monthly asset verification. Amidst increasingly stringent regulations and intensified market competition, RLUSD's market capitalization has grown to over $1.3 billion, currently ranking tenth among US dollar stablecoins.
Stablecoins have long been considered the anchor assets for transactions and payments in the crypto market. With its listing on Binance, RLUSD can reach a large user base, and its support for Ethereum allows it to directly connect to the existing DeFi ecosystem. This listing further solidifies the momentum of Ripple's stablecoin development.
Security Tip: When searching for RLUSD, please always verify the contract address and official source to avoid being scammed by fake stablecoins. RLUSD is a compliant stablecoin regulated by the New York State Department of Financial Services ( NYDFS ).
This article, "Ripple's Stablecoin RLUSD Listed on Binance This Week, and Portfolio Margin Available," first appeared on ABMedia, a ABMedia .
