Quick overview

Live XRP/USD Chart

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Binance has finished integrating the XRP Ledger (XRPL) for RLUSD. RLUSD deposits are now active, and trading on certain pairs—such as RLUSD/USDT and RLUSD/XRP—carries no fees. The total market capitalization of the RLUSD has surpassed approximately $1.52 billion.

 

A significant split for a stablecoin that many traders still primarily associate with the EVM ecosystem is that roughly $1.2 billion of that supply is on Ethereum, while 22% is currently on XRPL.

Binance’s integration essentially validates XRPL as a first-tier venue for stablecoin settlement, according to the analyst, who frames this as part of Ripple’s larger push to make RLUSD a cross-chain liquidity tool. Although cautious, the regulatory side is noticeably more upbeat than it has been in recent years.

The host characterized the Clarity Act as a significant legislative effort to define the structure of the cryptocurrency market rather than leaving it up to regulators, and Democratic Senator Mark Warner has indicated support for its advancement.

According to Paul Atkins, a former SEC official, “crypto policy rules require legislation to be permanent.” This is why the analyst cautions against “compromising too much,” especially when it comes to stablecoin yield. Meanwhile, Tim Scott, the chair of the Senate Banking Committee, criticized the previous administration’s “regulation by enforcement,” claiming that it confused the sector.