Ripple’s dollar-backed stablecoin RLUSD is now available for spot trading on Binance, the world’s largest cryptocurrency exchange.
At a Glance
- RLUSD trading pairs XRP/RLUSD and RLUSD/USDT go live on Binance
- Ethereum support confirmed; XRP Ledger integration is coming
- Market cap sits at $1.4 billion, trailing USDT and USDC
- Why it matters: The listing boosts RLUSD’s utility for leveraged trades and positions it as a rising contender in the stablecoin market
The addition gives traders immediate access to two RLUSD pairs on Binance. The exchange will also enable portfolio-margin eligibility and is preparing to fold the stablecoin into Binance Earn, expanding yield options for users.
Trading Details
On day one, Binance users can trade:
- XRP/RLUSD
- RLUSD/USDT
The platform has activated spot trading support and flagged RLUSD for portfolio-margin treatment. An Earn-product rollout is slated to follow, though no date was given.
Market Position
CoinGecko data shows RLUSD’s circulating supply values the token at $1.4 billion. That figure lags well behind Tether’s $186 billion and Circle’s $74 billion, yet marks steady growth since the stablecoin’s debut.
Growing Partnerships
The Binance link follows other high-profile tests of RLUSD. In November, News Of Los Angeles reported that MasterCard and Gemini began trialing the stablecoin on the XRP Ledger, underscoring Ripple’s push to broaden real-world usage.
Key Takeaways
- Binance listing adds major liquidity and visibility for RLUSD
- Ethereum support is live; XRP Ledger capabilities remain in progress
- With $1.4 billion already in circulation, RLUSD is carving out market share despite the dominance of USDT and USDC
- Expanded trading tools and potential Earn integration could further accelerate adoption
