Ripple’s RLUSD Plans Listing on Binance, Coinbase
Ripple’s stablecoin plans to debut “imminently” on bigger cryptocurrency exchanges like Coinbase or Binance after debuting a few smaller ones last month.
Customers “can expect to see more availability and more announcements coming soon,” according to Monica Long, president of Ripple.
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“In 2025, we are continuing to focus on global expansion by building additional partnerships with leading exchanges and integrations across new blockchains and decentralized applications,” confirmed Jack Mcdonald, senior vice president of stablecoins at Ripple, in an email to Fortune.
Ripple’s stablecoin, RLUSD debuted in December. 17 on Uphold, Bitso, MoonPay, Archax, and CoinMENA, following the New York Department of Financial Services’ eagerly anticipated regulatory approval.
A wider spectrum of American investors would have access to RLUSD if listed on bigger exchanges like Coinbase or Binance., speeding up the adoption rate. McDonald stated in the email, “We’ve seen incredible momentum since the launch of RLUSD, less than a month ago.”.
Bitstamp, the oldest cryptocurrency exchange, launched RLUSD. RLUSD has had a “fast start” on the exchange and has drawn “meaningful volume” within 24 hours of its launch, according to Bobby Zagotta, CEO of Bitstamp US, even though Bitstamp is smaller than Coinbase or Binance.
stablecoins are tagged the “killer app” of cryptocurrency or an essential component of the crypto economy.
Cross-border payments and value storage in nations where local currency is susceptible to inflation are two common uses for stablecoins. As a result, financial services firms are rushing to create their dollar-pegged asset to collect interest and transaction fees.
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