Ripple has taken a big step in the stablecoin market. Its U.S. dollar stablecoin RLUSD is now listed on Binance, the world’s biggest crypto exchange.

At first, RLUSD is available on Ethereum. Support on the XRP Ledger (XRPL) will come soon. Binance has started trading with XRP/RLUSD and RLUSD/USDT pairs. This gives RLUSD strong liquidity from day one.

This listing is not small news for Ripple. It clearly shows that Ripple wants RLUSD to compete with big stablecoins like USDT and USDC.

Why Binance Listing Is Important

Binance gives RLUSD access to millions of users around the world. RLUSD will not only be used for trading, but also later in Binance Earn and Portfolio Margin.

Because of this, RLUSD can be used for trading, earning yield, and managing liquidity. This makes RLUSD more useful than many other stablecoins.

Ripple is showing that RLUSD is not only for payments, but a full-use stablecoin in the crypto market.

Built for Two Blockchains

RLUSD is made for multichain use.

On XRPL, transactions are fast and cheap, which is good for payments.

On Ethereum, RLUSD can be used in DeFi and smart contracts.

This makes RLUSD more flexible than stablecoins that work on only one chain.

Made for Institutions

RLUSD is fully backed 1:1 by U.S. dollars, U.S. Treasuries, and cash assets. Ripple will also release monthly reports to show transparency.

RLUSD is issued under New York DFS rules, and Ripple has also received conditional approval for a U.S. OCC charter. This strong regulation makes RLUSD attractive for banks and institutions.

Growing Fast

RLUSD is already supported by platforms like Bitpanda, OSL, Amina Bank, Ripio, and Facilita Pay. Its market cap has crossed $1.3 billion, which shows growing trust.

RLUSD is being used in payments, remittances, and liquidity services.

Final Thoughts

With Binance listing, Ripple has made RLUSD a strong player in the stablecoin market. RLUSD combines regulation with high liquidity, which is rare.

  1. This move shows that Ripple wants RLUSD to be a global stablecoin, not a s$mall or limited one.#RLUSDAdoptio