Ripple’s dollar-pegged stablecoin RLUSD will launch spot trading on Binance starting Thursday, initially supporting the Ethereum blockchain, with integration into Ripple’s own XRP Ledger anticipated to follow.
Backed 1:1 by U.S. dollar deposits, short-term Treasuries, and cash equivalents, RLUSD has grown to a market value exceeding $1.3 billion despite increasing regulatory pressure and competition in the stablecoin sector.
The Binance listing significantly increases RLUSD’s visibility and liquidity, establishing it as an enterprise-oriented competitor to market leaders such as Tether’s USDT and Circle’s USDC. As the 10th-largest dollar-backed stablecoin, this prominent exchange debut marks a key move in expanding RLUSD beyond Ripple’s native ecosystem.
