In a major development for Ripple, Bitstamp, one of Europe’s leading cryptocurrency exchanges, has officially listed Ripple’s RLUSD stablecoin. Announced on Wednesday, the listing includes six trading pairs: RLUSD/EUR, RLUSD/USDT, RLUSD/USD, RLUSD/BTC, RLUSD/ETH, and RLUSD/XRP. This strategic move marks a key milestone for Ripple’s expansion in the stablecoin market.
Launched in December, Ripple’s RLUSD stablecoin secured vital regulatory approvals, further strengthening its foothold in the digital currency space. Despite its success, the stablecoin has yet to be listed on major exchanges like Coinbase, though Ripple’s president Monica Long hinted at more listings in the near future.
According to CoinGecko, RLUSD boasts a market cap of $73 million, with the XRP/RLUSD pair on the Bullish exchange making up more than 36% of its total trading volume. Ripple’s adoption of Chainlink’s standard to access real-time pricing data is also a significant step forward, positioning RLUSD for even greater stability and accuracy in price tracking.
💵💵💵💵💵💵 1,499,957 #RLUSD minted at RLUSD Treasury.https://t.co/4VUb5tsfdq
— Ripple Stablecoin Tracker (@RL_Tracker) January 8, 2025
Ripple’s market presence is growing rapidly. Long recently stated that the company’s payments business had doubled in 2024 and predicted substantial growth in the coming year. The RLUSD stablecoin, she emphasized, will play a “premium role” in this expansion.
Ripple’s efforts have garnered positive recognition. Andre Casterman, former global head of corporate and trade markets at SWIFT, has referred to RLUSD as a “game changer,” reflecting its potential to reshape the landscape of cross-border payments.
Also Read: Ripple Partners with Chainlink to Boost RLUSD Stablecoin Adoption and DeFi Integration
Ripple’s expansion with the RLUSD stablecoin signals a broader trend of growth for the company, particularly within the payments sector. With more listings on the horizon and continued innovation, Ripple seems poised to make a lasting impact in the evolving cryptocurrency space.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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