By Key Points
- Ripple USD (RLUSD) stablecoin debuts on Bullish exchange.
- Seven trading pairs are now available, including BTC/RLUSD and ETH/RLUSD.
- RLUSD launched on Dec. 17, backed by NYDFS approval.
- Adoption expands across exchanges, market cap reaches $72.8M.
Ripple USD (RLUSD) stablecoin, Rippleโs highly anticipated digital asset, has officially made its debut on Bullish, a leading institutional cryptocurrency exchange.
The listing, announced on December 24, introduces seven trading pairs: RLUSD/USDC, BTC/RLUSD, XRP/RLUSD, ETH/RLUSD, USD/RLUSD, EUR/RLUSD, and SOL/RLUSD.
This listing follows Rippleโs commitment to creating a stablecoin that meets the highest regulatory standards. The RLUSD stablecoin, approved by the New York State Department of Financial Services (NYDFS), became publicly available on December 17.
Its integration into Bullishโs platform signifies a growing demand for secure and compliant stablecoins in the cryptocurrency market.
Ripple CEO Brad Garlinghouse has consistently emphasized RLUSDโs unique position as a regulatory-compliant stablecoin, highlighting its potential as the โgold standardโ for enterprise adoption.
๐จ BREAKING NEWS:
RIPPLE CEO BRAD GARLINGHOUSE CONFIRMED THAT โRLUSDโ GOT THE FINAL APPROVAL FROM THE NYDFS! ๐๐ผ
โRLUSDโ STABLECOIN WILL BE LIVE VERY SOON! โฐ #XRP TO THE MOON AND BEYOND! ๐ pic.twitter.com/csOZFFoJBF
โ ๐๐ถ๐ฎ๐ต๐ฒ๐ฎ (@_Crypto_Barbie) December 10, 2024
RLUSD Expands Adoption with Global Listings
The Bullish exchange listing is just the latest in RLUSDโs journey to global adoption. Earlier today, the Singapore-based Independent Reserve also announced its support for the stablecoin.
These developments add to RLUSDโs previous listings on major platforms like Bitso and Uphold. Rippleโs strategy to position RLUSD as a widely used digital asset is taking shape.
The stablecoin has rapidly gained attention, with its market capitalization now standing at $72.8 million, according to CoinGecko. Over the last 24 hours, RLUSD recorded a trading volume of $2.7 million and saw 1.5 million additional tokens minted. This steady growth indicates increasing demand and trust in the asset.
Looking ahead, Bitstamp, a leading European exchange, is expected to add RLUSD to its trading platform. With its robust compliance framework and expanding availability, RLUSD is becoming a key player in the stablecoin ecosystem.
Why Ripple USD Stablecoin Matters for the Market
The rise of RLUSD highlights a growing shift toward regulated and reliable stablecoins in the cryptocurrency industry. Stablecoins like RLUSD provide a secure bridge between traditional finance and decentralized finance (DeFi) systems, enabling smoother transactions, remittances, and trading opportunities.
Ripple USD stablecoin stands out due to its regulatory approval, which provides a strong foundation for institutional and retail investors seeking stability and compliance.
Its availability across multiple trading pairs also makes it a versatile choice for users. This is especially significant as global crypto markets increasingly value transparency and accountability in digital asset offerings.
By ensuring regulatory compliance and expanding its reach to major exchanges, RLUSD is well-positioned to play a crucial role in shaping the future of the stablecoin market.
