Global cryptocurrency exchange Binance announced that it will list Ripple's dollar-pegged stablecoin 'RLUSD' for spot trading.
Binance will support spot trading of RLUSD on the 22nd, and plans to list it first on the Ethereum (ETH) network, followed by sequential expansion of support for XRP Ledger (XRPL).
RLUSD is a dollar-pegged stablecoin issued by Ripple Labs through its subsidiary. It is designed to maintain a 1:1 value based on US dollar reserves. The stablecoin operates under the supervision of the New York Department of Financial Services (NYDFS).
Binance will offer trading pairs such as RLUSD/USDT and XRP/RLUSD. Deposits will be available before trading begins, and withdrawals will be supported sequentially after trading begins. It also announced that fee promotions may apply to some trading pairs.
Since its launch, RLUSD has expanded its distribution through listings on major exchanges, and this Binance listing is expected to further enhance accessibility and trading convenience. The industry is also focusing on the potential for expanded integration with Ripple's payment and enterprise blockchain ecosystems once full-scale support for XRP Ledger is implemented.
