Following a Wednesday announcement, Ripple’s RLUSD stablecoin debuted on Bitstamp, Europe’s leading cryptocurrency exchange. This move signals a major step forward for Ripple as it expands its institutional-grade financial offerings in the decentralized finance (DeFi) space.
The listing also prescribes six new trading pairs for RLUSD, which also include RLUSD/ EUR, RLUSD/USDT, RLUSD/USD, RLUSD/BTC, RLUSD/ETH, and RLUSD/XRP.
Ripple launched RLUSD in December 2024 after attaining the required regulatory approval, and the product is now designed to be a strong institutional tool for payment solutions and tokenization.
Also Read: Cardano Partners with BitcoinOS to Strengthen DeFi Ecosystem
Ripple’s Growth Story Gains Momentum
Ripple’s President, Monica Long, had promised additional exchange listings for RLUSD soon. In an interview on Bloomberg, she said that the payments business doubled its market coverage in 2024.
She also suggested that RLUSD’s role would be of a “premium” to the enterprise solutions that the company was to proffer, especially within the payments province. The data from CoinGecko show that its market capitalization is now $73 million.
It emerges that the XRP/RLUSD trading pair controls more than 36 percent of the bulk exchange’s volume of the stablecoin. Ripple Stablecoin Tracker added that 1,499,957 new RLUSD tokens were created on January 8 with transaction history on the Ethereum network.
Security and Innovation Drive Ripple’s Strategy
Ripple’s recent adoption of the Chainlink standard for pricing data reflects its focus on innovation and security. This strategic move is made after carefully analyzing the options available to ensure that RLUSD runs in line with the company’s enterprise-focused mission.
The stablecoin was designed with the institutional client in mind and built on Ripple’s over a decade of experience, delivering a practical yet sound financial utility.
By integrating RLUSD into Bitstamp’s offerings, Ripple is strengthening its foothold in the competitive DeFi landscape. The collaboration marks another milestone in Ripple’s journey to deliver cutting-edge blockchain solutions to institutional markets.
Conclusion
With RLUSD’s launch on Bitstamp and plans for broader adoption, Ripple is charting a bold course for stablecoin innovation. As the company doubles down on growth and security, the following steps for RLUSD could further transform the DeFi ecosystem.
Also Read: Judge Pauses SEC Lawsuit Against Coinbase, Approves Key Appeal
