Ripple’s Stablecoin Listed on Bitstamp, Mints 1.5 million RLUSD tokens

Ripple’s RLUSD stablecoin has been listed on Bitstamp, the top cryptocurrency exchange in Europe.  The exchange has added six trading pairs in total with the stablecoin product: RLUSD/EUR, RLUSD/USDT, RLUSD/USD, RLUSD/BTC, RLUSD/ETH, and RLUSD/XRP.

Binance and Coinbase have not yet listed Ripple’s stablecoin. The stablecoin was introduced in December following the acquisition of crucial regulatory approval.

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The president of Ripple, Monica Long, recently stated that additional listings would be announced soon. The Ripple Stablecoin Tracker account reports that Ripple created an extra 1.5 million RLUSD tokens.

The enterprise blockchain company recently adopted the Chainlink standard to access pricing data. Long recently stated in an interview with Bloomberg that the market would grow significantly over the upcoming year.

According to Long, Ripple’s payments business doubled in 2024, and the company anticipates a robust growth trajectory for its payment solution.

Chainlink and the blockchain-based payment protocol Ripple have announced a strategic alliance to increase the use and acceptance of Ripple USD (RLUSD), the company’s enterprise-grade stablecoin.

The partnership announced on January 7, will present Chainlink’s decentralized RLUSD price feeds on the XRP Ledger and Ethereum. The integration will strengthen the stablecoin’s position in DeFi by offering real-time, tamper-proof market data, guaranteeing dependability, and reducing the risks of price manipulation and outages.  RLUSD is pegged 1:1 to the US dollar to enable safe and economical transactions across payments, trading, lending, and other DeFi applications.

Chainlink and Ripple’s integration gives developers access to precise and consistent pricing information, enabling them to create more dependable and resilient decentralized applications (dApps) with the stablecoin.

Colin Cunningham, Chainlink Labs’ Head of Tokenization and Alliances, was upbeat about the partnership, saying the team is thrilled to support the RLUSD launch and that the integration “is a great signal for the market.”.

 

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ABOUT THE AUTHOR See More
Olumide Adesina
Olumide Adesina
Financial Market Writer
Olumide Adesina is a French-born Nigerian financial writer. He tracks, analyzes, and reports changes in financial markets with over 15 years of working experience in investment trading.
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