Ripple’s dollar-pegged stablecoin RLUSD has secured a significant milestone after being officially listed on the U.S.-based cryptocurrency exchange Gemini. The development was confirmed by Ripple’s Managing Director Reece Merrick, who tweeted the update on Monday.
Merrick’s announcement on X shows Gemini supports the transfer of RLUSD as both a deposit and withdrawal option for its users. Ripple’s stablecoin expansion efforts are taking a significant step forward by implementing regulated trading to enable this listing.
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RLUSD experienced noteworthy growth in trading volume after the release announcement. After becoming available on a new prominent trading platform, the token’s daily trading volume grew by 63.7 percent, exceeding $52 million.
The exchange addition has increased the total number of platforms supporting RLUSD operations to fifteen, showing stablecoin digital finance gaining traction. Ripple identifies RLUSD as a stable digital asset that serves payment needs while providing accessibility to liquidity and institutional investment options.
Gemini Listing Expands RLUSD’s Market Reach
Before joining Gemini, RLUSD was already available on platforms like Bitstamp, Revolut, Uphold, Bullish, Coinmena, B2C2, and Zero Hash. These platforms offer services ranging from stablecoin trading and crypto-to-fiat transactions to liquidity provisioning.
Gemini’s adoption of RLUSD expands its reach into retail and institutional markets. The stablecoin operates under Ripple’s official portal, utilizing assets that create reliability and user trust for digital dollar stability.
The listing reflects Ripple’s strategic push to integrate RLUSD into trusted exchanges, enabling broader participation in dollar-based transactions through blockchain. RLUSD enhances trust within systems that require pricing stability and regulatory management due to its ability to strengthen asset reliability.
Ripple’s continued expansion of RLUSD through key partnerships aligns with its commitment to build reliable infrastructure around digital currencies. Including Gemini as a new member advances the mission of Ripple’s strategic approach.
Conclusion
RLUSD’s listing on Gemini signals growing market validation for Ripple’s stablecoin offering. As more exchanges onboard the asset, RLUSD strengthens its footprint in global finance and draws increased interest from institutional players and individual users alike.
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