Ripple’s president, Monica Long, has announced that the company’s stablecoin, Ripple USD (RLUSD), is set to be listed on additional cryptocurrency exchanges imminently. In a recent interview, Long emphasized Ripple’s commitment to expanding RLUSD’s availability, stating, “We are continuing to expand distribution and availability of Ripple dollars on other exchanges. So I think you can expect to see more availability, more announcements coming soon… imminently.”
Currently, RLUSD is accessible on platforms including Bitso, MoonPay, CoinMina, Bullish, Mercado Bitcoin, B2C2, Keyrock, Archax, Independent Reserve, and JST Digital. Since its launch on December 17, RLUSD has achieved a market capitalization of approximately $71.8 million. The majority of its trading volume is concentrated on the Bullish exchange, particularly in trading pairs with USD Coin (USDC) and XRP.
The demand for RLUSD is largely driven by Ripple’s expanding payments business, which reportedly doubled in the past year. Long anticipates significant growth in the stablecoin market, viewing RLUSD as a pivotal component in facilitating seamless on-ramps and off-ramps for cryptocurrency transactions.
In addition to broadening RLUSD’s exchange presence, Ripple has partnered with Chainlink to integrate price feeds for RLUSD on Ethereum and the XRP Ledger. This collaboration aims to provide accurate pricing data, support decentralized finance applications, and mitigate risks such as price manipulation or downtime.
